Question: Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: sin milliona) Eeris Air Oceania Airlines

 Selected financial data regarding current assets and current liabilities for Ferris

Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: sin milliona) Eeris Air Oceania Airlines Current assets Cash and cash equivalente $1,285 $ 5,284 Current investments 3,164 1.411 Net receivables 871 1,904 Inventory 585 440 Other current annet 330 697 Total current assets 56,235 $ 9,744 Current liabilities: Current debt $6,409 $ 6,629 Accounts payable 2,732 2,467 Other current liabilities 0 1,664 Total current liabilities $9,141 $10,760 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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