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Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: sin milliona) Eeris Air Oceania Airlines
Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: sin milliona) Eeris Air Oceania Airlines Current assets Cash and cash equivalente $1,285 $ 5,284 Current investments 3,164 1.411 Net receivables 871 1,904 Inventory 585 440 Other current annet 330 697 Total current assets 56,235 $ 9,744 Current liabilities: Current debt $6,409 $ 6,629 Accounts payable 2,732 2,467 Other current liabilities 0 1,664 Total current liabilities $9,141 $10,760 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
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