Question: Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: Required: 1-a. Calculate the current ratio

Air and Oceanic Airlines are provided as follows: Required: 1-a. Calculate the

current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has

the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for

Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: Required: 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines. 1-b. Which company has the more favorable current ratio? 2-a. Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. 2-b. Which company has the more favorable acid-test ratio? Complete this question by entering your answers in the tabs below. 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. . Which company has the more favorable current ratio? Complete this question by entering your answers in the tabs below. 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.) Which company has the more favorable acid-test ratio

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