In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities

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In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities of $76.29 billion. It also had inventories of $2.45 billion.

a. What was Apple’s current ratio?

b. What was Apple’s quick ratio?

c. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90.

What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Feb 27, 2024 03:07 AM

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In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities

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Fundamentals Of Corporate Finance

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