Bookmarks Profiles Tab Window Help -Warner Sign In x The Stranger: x My Home x CengageNOW x WOne Hundred x Im/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false eBook Print Item The current assets and current Babilities for Apple Inc. and HP, Inc., are as follows at the end of a recent fiscal period: Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets" Total current assets Current liabilities: Accounts payable Accrued and other current liabilities Total current liabilities Apple Inc. (in millions) HP, Inc. (in millions) $21,120 $17,433 20,481 o 35,889 16,281 2,349 6,485 9,539 11,588 $89,378 $51,787 $60,671 $32,41 19,939 9,773 $80,610 $42,191 *These represent prepaid expense and other nonquick current assets. a. Determine the quick ratio for both companies. If required, round your answers to one decimal place. Apple Inc.: HP, Inc.: Check My Work Quick Ratio 1.0 59% Save art