Question: Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: Ferris Air Oceanic Airlines $1,265 3,144

 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: Ferris Air Oceanic Airlines $1,265 3,144 851 565 ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Current debt Accounts payable Other current liabilities Total current liabilities $ 5,084 1,391 1,884 428 677 $ 9,464 310 $6,135 $6,539 2,712 $ 6,674 2,447 1,644 $10,765 $9,251 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.) Ferris Air Oceanic Airlines Current Ratio Total current assets

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