In December 2021, Apple had cash of ($62.64) billion, current assets of ($134.84) billion, and current liabilities
Question:
In December 2021, Apple had cash of \($62.64\) billion, current assets of \($134.84\) billion, and current liabilities of \($125.48\) billion. It also had inventories of \($6.58\) billion.
a. What was Apple’s current ratio?
b. What was Apple’s quick ratio?
c. In October 2021, Hewlett-Packard had a quick ratio of 0.49 and a current ratio of 0.76.
What can you say about the asset liquidity of Apple relative to Hewlett-Packard?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780137852581
6th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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