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Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows: Required: 1 - a . Calculate
Selected financial data regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as
follows:
Required:
a Calculate the current ratio for Ferris Air and Oceanic Airlines.
b Which company has the more favorable current ratio?
a Calculate the acidtest quick ratio for Ferris Air and Oceanic Airlines.
b Which company has the more favorable acidtest 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, $ should
be entered as
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