Question
In April 2013, Apple had cash of $38.82 billion, current assets of $63.69 billion, and current liabilities of $35.67 billion. It also had inventories of
In April 2013, Apple had cash of $38.82 billion, current assets of $63.69 billion, and current liabilities of $35.67 billion. It also had inventories of $1.25 billion.
a. What was Apple's current ratio?
b. What was Apple's quick ratio?
c. In April 2013, Dell had a quick ratio of 1.131.13 and a current ratio of 1.191.19. What can you say about the asset liquidity of Apple relative to Dell?
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
