20. In December 2015, Apple had cash of $38.07 billion, current assets of $76.22 billion, and current
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20. In December 2015, Apple had cash of $38.07 billion, current assets of $76.22 billion, and current liabilities of $76.09 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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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780134475561
4th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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