Problem #3 Selected financial data regarding current assets and current liabilities for American Airlines and Delta Airlines are as follows. American Delta $911 4,246 768 (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 Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities $5,044 71 1,460 327 846 $7,748 557 309 $6,791 $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