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begin{tabular}{lrr} ( $ in millions) & & Oceanic hline Current assets: & Ferris Air & Airlines Cash and cash equivalents & &

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\begin{tabular}{lrr} ( $ in millions) & & Oceanic \\ \hline Current assets: & Ferris Air & Airlines \\ Cash and cash equivalents & & \\ Current investments & $1,113 & $2,791 \\ Net receivables & 1,857 & 958 \\ Inventory & 578 & 2,156 \\ Other current assets & 469 & 1,023 \\ Total current assets & 210 & 1,344 \\ Current liabilities: & $4,227 & $8,272 \\ Current debt & & $1,627 \\ Accounts payable & $271 & 5,686 \\ Other current liabilities & 2,209 & 5,957 \\ \hline Total current liabilities & 2,170 & $13,270 \\ \hline \end{tabular} Calculate the acid-test (quick) ratio for Ferris Air and Oceanic Airlines. (Enter your answers in millions, For example, $5,500,000 should be entered as 5.5.) In August 2024, a worker was injured in an accident, partially as a result of his own negligence. The worker has sued the company for $1.2 million. Legal counsel believes it is reasonably possible that the outcome of the suit will be unfavorable, and that the settlement would cost the company from $300,000 to $600.000. Record anv reauired entrv for this continaencv. Note: Enter debits before credits. A suit for bieeach of contract seeking damages of $3 million was filed by an author on October 4, 2024. Legal counsel believes an unfavorable outcome is probable. A reasonable estimate of the award to the plaintiff is between $1.5 million and \$2.25 million. No amount within this range is a better estimate of potential damages than any other gimount. Record any required entry for this Note: Enter debits before credits. Authors is the plaintiff in a pending court case. Its lawyers believe it is probable that Authors will be awarded damages of $3 million. Record any required entry for this contingency. Note: Enter debits before credits

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