Question: I just need help figuring out whats in red. Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are

I just need help figuring out whats in red.  I just need help figuring out whats in red. Selected financial
data regarding current assets and current liabilities for Ferris Air and Oceanic

Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: is in millions) Ferris Air Ocean Airlines Current assetst Cash and cash equivalents $1,185 $ 4,284 Current investments 3,064 1,311 Net receivables 771 1,884 Inventory 485 348 Other current assets 230 597 Total current assets $5.735 $ 3,344 Current abilities: Current debt 56,730 57,474 Accounts payable 2,632 2,367 Other current liabilities 1,564 Total current Habilities $9,412 $11,405 Required: 1-o. Calculate the current ratio for Ferris Alt and Oceanic Airlines (Enter your answers in millions. For example, 55,500,000 should be entered as 5.5) Answer is complete but not entirely correct. Ferris Al Oceanic Atines Total current sets Total current als 15 0 600 94313 732 11.405 1-b. Which Airlines has the better current ratio? Ferris Air Oceanic Airlines 2-0. 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 Quick assets Total currenties Answer is complete but not entirely correct. Ferris Ale Ocean Airlines 5.735 8344 061 9.432 11.405 S 073 2.b. Which Airlines has the better current ratio Fers Air Ocean Airlines

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