answer 1a, 1b, 2a, 2b

Company A Company B $1,225 3,104 811 ($ in millions) Current assets: Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities 525 270 $5,935 $ 4,684 1,351 1,844 388 637 $ 8,994 $6,702 2,672 $ 6,991 2,407 1,624 $11,022 $9,374 Required: 1-a. Calculate the current ratio for both companies 1-6. Which airline has the best current ratio? 2-a. Calculate the acid-test (quick) ratio for both companies. 2-b. Which airline has the best acid-test ratio? Complete this question by entering your answers in the tabs below. Required 1a Required 16 Required 20 Required 26 Calculate the current ratio for both companies. (Enter your answers in millions (e. 5,000,000 should be entered as 5)) Current Ratio Company A Company B Required 16 > Company A Company B ($ in millions) Current assets: Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities $1,225 3,104 811 525 270 $5,935 $ 4,684 1,351 1,844 388 637 $ 8,904 $6,702 2,672 $ 6,991 2,407 1,624 $11, 022 $9,374 Required: 1-a. Calculate the current ratio for both companies. 1-b. Which airline has the best current ratio? 2-a. Calculate the acid-test (quick) ratio for both companies. 2-b. Which airline has the best acid-test ratio? Complete this question by entering your answers in the tabs below. Required 1a Required 16 Required 2a Required 2b Which airline has the best current ratio? Company A Company B Required 1a Required 2a > Company A Company B (5 in millions) Current assets: Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities $1,225 3,104 811 525 270 $5,935 $ 4,684 1,351 1,844 388 637 $ 8,904 $6,702 2,672 $ 6,991 2,407 1,624 $11,022 $9,374 Required: 1-a. Calculate the current ratio for both companies. 1-b. Which airline has the best current ratio? 2-a. Calculate the acid-test (quick) ratio for both companies. 2-b. Which airline has the best acid-test ratio? Complete this question by entering your answers in the tabs below. Required la Required 1b Required 2a Required 2b Calculate the acid-test (quick) ratio for both companies. (Enter your answers in millions ().e. 5,000,000 should be entered as 5).) Acid-Tost Ratio Company A Company B Selected financial data regarding two competing airlines are provided as follows: ($ in millions) Current assets: Company A Company B Cash and cash equivalents Short-term investments $1,225 $ 4,684 3,104 Net receivables 1,351 811 Inventory 1,844 525 388 Other current assets 270 637 Total current assets $5,935 $ 8,904 Current liabilities: Accounts payable $6,702 Short-term debt $ 6,991 2,672 2,407 Other current liabilities 1,624 Total current liabilities $9,374 $11,022 Required: 1-a. Calculate the current ratio for both companies 1-b. Which airline has the best current ratio? 2-a. Calculate the acid-test (quick) ratio for both companies. 2-b. Which airline has the best acid-test ratio? Complete this question by entering your answers in the tabs below. Required la Required 16 Required 2a Required 2b Which airline has the best acid-test ratio? Company A Company B