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

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Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: (5 in millions) Ferris Air Oceanic Airlines Current assets: Cash and cash equivalents Current investments Net receivables Inventory $1,295 $ 5,384 3,174 1,421 881 1,914 595 458 Other current assets 340 707 Total current assets $6,285 $ 9,884 Current liabilities: Current debt $6,489 $ 7,357 Accounts payable 2,742 2,477 Other current liabilities 0 Total current liabilities $9,231 1,674 $11,508 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 Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: (5 in millions) Ferris Air Oceanic Airlines Current assets: Cash and cash equivalents Current investments Net receivables Inventory $1,295 $ 5,384 3,174 1,421 881 1,914 595 458 Other current assets 340 707 Total current assets $6,285 $ 9,884 Current liabilities: Current debt $6,489 $ 7,357 Accounts payable 2,742 2,477 Other current liabilities 0 Total current liabilities $9,231 1,674 $11,508 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