20. In April 2013, Apple had cash of $39.14 billion, current assets of $63.34 billion, and current...

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20. In April 2013, Apple had cash of $39.14 billion, current assets of $63.34 billion, and current liabilities of $35.51 billion. It also had inventories of $1.25 billion.

a. What was Apple's current ratio? Mob. What was Apple's quick ratio?

c. In April 2013, Dell had a quick ratio of 1.13 and a current ratio of 1.19. What can you say about the asset liquidity of Apple relative to Dell?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 18, 2024 02:00 PM

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20. In April 2013, Apple had cash of $39.14 billion, current assets of $63.34 billion, and current...

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Fundamentals Of Corporate Finance

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