Question: Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows Oceanic Airlines Ferris Air ($ in
Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows Oceanic Airlines Ferris Air ($ in millions) Current assets: Cash and cash equivalents Current investments $1,145 $ 3,884 3,024 1,271 1,764 Net receivables Inventory Other current assets 731 445 308 190 557 Total current assets $5, 535 $7,784 Current 1iabilities: Current debt Accounts payable Other current liabilities Total current liabilities $6,370 2,592 s 6,636 2,327 es 1,524 $8,962 $10,487 Required: 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Current Ratio Ferris Air Oceanic Airlines
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