At the end of 2017, Apple had cash and short-term investments of $41.62 billion, accounts receivable of

Question:

At the end of 2017, Apple had cash and short-term investments of $41.62 billion, accounts receivable of $36.19 billion, current assets of $89.66 billion, and current liabilities of $80.37 billion.

a. What was Apple’s current ratio?

b. What was Apple’s quick ratio?

c. What was Apple’s cash ratio?

d. At the end of 2017, HPQ had a cash ratio of 0.35, a quick ratio of 0.72, and a current ratio of 1.22. What can you say about the asset liquidity of Apple relative to HPQ?

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