T. Boone Pickens football stadium at Oklahoma State University has a seating capacity of about 65.000. Assume the stadium sells out all four home games before the season begins and the athletic department collects $30 million in ticket sales. 1. What was the average price per season ticket and average price per individual game ticket sold? (Round your answers to the nearest dollar amount.) Average price per season ticket Average price per individual game ticket 2. & 3. Record the following transactions for the ticket sales. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Enter your answers in dollars, not in millions. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the advance collection of S30 million in ticket sales. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the revenue recognized after the first home game is completed. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Simon Garfunkel ($ 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 $ 650 3,650 986 525 340 $6,151 $2,960 0 1,390 284 476 $5,03e $7,310 1, 24e 3 $8,550 $4,290 1,023 1, 302 $6,615 1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. (Round your answers to 2 decimal places.) Current Ratio Simon Garfunkel 1-b. Which of the two companies has the best current ratio? ? O Simon O Garfunkel 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel. (Round your answers to 2 decimal places.) Acid-test (quick) Ratio Simon Garfunke 2-b. Which of the two companies has the best acid-test ratio? O Garfunkel O Simon