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

Ferris Air and Oceanic Airlines. 2-b. Which company has the more favorable

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? Calculate the current ratio for Ferris Air and Oceanic Airlines. (Enter your answers in millions. be entered as 5.5.) Which company has the more favorable current ratio? Which company has the more favorable current ratio? Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. (Enter your answers in millions. For $5,500,000 should be entered as 5.5.) Which company has the more favorable acid-test ratio

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