Problem #3 Selected financial data regarding current assets and current liabilities for American Airlines and Delta Airlines are as follows. American Delta (S in millions) Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Current Liabilities Accounts Payable ShortCurrent Long Term Debt Other Current Liabilities Total Current Liabilities 5911 4,246 768 557 309 $6,791 $5.044 71 1,460 327 846 $7.748 $3,103 1,194 3,431 $7,728 $3,437 1,672 4.688 $9.797 Required: 1. Calculate the current ratio for American and Delta Airlines, which has the better current ratio? 2. Calculate the acid-test (quick) ratio for American and Delta Airlines. Which has the better acid-test ratio