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

$$

$($$ in millions$)$Ferris AirOceanic AirlinesCurrent assets:Cash and cash equivalents$$1,305$$$5,484$Current investments$3,1841,431$Net receivables$8911,924$Inventory$605468$Other current assets$350717$Total current assets$$6,335$$$10,024$Current liabilities:Current debt$$6,318$$$6,683$Accounts payable$2,7522,487$Other current liabilities$01,684$Total current liabilities$$9,070$$$10,854$

$$

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?