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

follows:

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?

Complete this question by entering your answers in the tabs below.

Calculate the current ratio for Ferris Air and Oceanic Airlines. $($Enter your answers in millions. For example, $$5,500,000$ should

be entered as $5\mathrm{.}5.)$