4 Save & Exit Check r Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: ($ in millions) Oceanic 4 points Current assets: Ferris Air Airlines ellook Print Cash and cash equivalents Current investments Net receivables Inventory $1,155 $3,984 3,034 1,281 741 1,774 455 318 Other current assets. 200 567 Total current assets $5,585 $7,924 References Current liabilities: Current debt $6,446 $7,042 Accounts payable 2,602 2,337 Other current liabilities e 1,534 Total current liabilities $9,048 $10,913 Required: 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines 2-b. Which company has the more favorable acid-test ratio? 4 4 4 points eBook Total current liabilities Required: $7,640 $40,943 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. 2-b. Which company has the more favorable acid-test ratio? Complete this question by entering your answers in the tabs below. Print References Req 1A Req 1B Req 2A Req 28 Calculate the current ratio for Ferris Air and Oceanic Airlines. (Enter your answers in millions. For example, $5,500,000 sh be entered as 5.5.) Current Ratio Ferris Air Oceanic Airlines Rea A Req 1B > 4 4 points eBook Print J References total current 110011ities Required: 33,040 310,943 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. 2-b. Which company has the more favorable acid-test ratio? Complete this question by entering your answers in the tabs below. Req LA Req 18 Req 2A Req 28 Which company has the more favorable current ratio? Which company has the more favorable current ratio? 4 4 points eBook Print 10tal current 11a011ities Required: 55,000 DASAR 1-6. Calculate the current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. 2-b. Which company has the more favorable acid-test ratio? Complete this question by entering your answers in the tabs below. References Req 1A Req 18 Req 2A Req 28 Mc Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Acid-Test Ratio Ferris Air Oceanic Airlines Check BARWAR 4 4 points eBook Print Total current 11a011ities Required: 23,040 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. 2-b. Which company has the more favorable acid-test ratio? Complete this question by entering your answers in the tabs below. References Req LA Req Req 2A Req 28 Which company has the more favorable acid-test ratio? Which company has the more favorable acid-test ratio