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

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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