Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows:

$$

$($$ in millions$)$Ferris AirOceanic AirlinesCurrent assets:Cash and cash equivalents$$1,295$$$5,384$Current investments$3,1741,421$Net receivables$8811,914$Inventory$595458$Other current assets$340707$Total current assets$$6,285$$$9,884$Current liabilities:Current debt$$6,489$$$7,357$Accounts payable$2,7422,477$Other current liabilities$01,674$Total current liabilities$$9,231$$$11,508$

$$

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?