Question
In April 2013, Apple had a quick ratio of 1.50 and a current ratio of 1.89. In April 2013, Dell had a quick ratio of
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In April 2013, Apple had a quick ratio of 1.50 and a current ratio of 1.89. In April 2013, Dell had a quick ratio of 1.81 and a current ratio of 1.91. What can you say about the asset liquidity of Apple relative to Dell?
Apple has a greater current ratio and therefore is more liquid
Apple has a smaller current ratio and therefore is more liquid
Apple has a smaller current ratio and therefore is less liquid
Apple has a greater current ratio and therefore is less liquid
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
