8. In December 2015, Apple had cash of $37.95 billion, current assets of $76.26 billion, and current liabilities of $75.68 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 .66 and a current ratio of .90. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

A. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard.

B. Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard.

C. Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard.

D. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard