Question: Selected financial data regarding current assets and current liabilities for Perris Air and Oceanic Airlines are provided as follows: TAL Danie Atelier al Current I

Selected financial data regarding current assets and current liabilities for Perris Air and Oceanic Airlines are provided as follows: TAL Danie Atelier al Current I Cash cash valeat Current Events Net receivables Iwony Other curtasuta Total murrett Colabilities Current obt Note Other current liabilities Total current inte 11.15 3,154 361 615 360 $6.35 + 3,514 1.441 1,94 470 21 310,164 36,702 3.16 10 9,464 31.460 2.457 1.64 311.659 Required: 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines (Enter your answers in milions. For example, 55,500,000 should be entered as 5.5.) Coro Fam. Alt D A 1. Which Airlines has the better current ratio? Per All Oceanic Arines Crev 55 !! Nast MacBook Air 000 SO F3 OOD F4 3 11 FI F? FS 16 17 FB a A . # 3 $ 4 % 5 v2 & 7 Oo * 2 6 8 9 1b. Which Allies has the better current ratio? OFems Oceanic Artes 2. Calculate the acid-test qui ratio for Ferris Alr and Ocean Airlines (Enter your answers in million. For example, 55,500,000 should be entered as 5.5.) Aldate F 2-b. Which Airlines has the beter testo? Oferts All OOceanic Artnes
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
