Question: Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: (5 in millions) Ferris Air

Selected financial data regarding current assets and current liabilities for Ferris Airand Oceanic Airlines are provided as follows: (5 in millions) Ferris Air

Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: (5 in millions) Ferris Air Oceanic Airlines Current assets: Cash and cash equivalents Current investments Net receivables Inventory $1,295 $ 5,384 3,174 1,421 881 1,914 595 458 Other current assets 340 707 Total current assets $6,285 $ 9,884 Current liabilities: Current debt $6,489 $ 7,357 Accounts payable 2,742 2,477 Other current liabilities 0 Total current liabilities $9,231 1,674 $11,508 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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