Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In April2013, Apple had cash of $ 39.14$39.14billion, current assets of $ 63.34$63.34billion, and current liabilities of $ 35.51$35.51billion. It also had inventories of $

In April2013, Apple had cash of $ 39.14$39.14billion, current assets of $ 63.34$63.34billion, and current liabilities of $ 35.51$35.51billion. It also had inventories of $ 1.25$1.25billion.a. What wasApple's currentratio?b. What wasApple's quickratio?c. In April2013, Dell had a quick ratio of 1.131.13and a current ratio of 1.191.19. What can you say about the asset liquidity of Apple relative toDell?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Core Concepts

Authors: Raymond Brooks

4th Edition

134730417, 134730410, 978-0134730417

More Books

Students also viewed these Finance questions

Question

In what circumstances is time-and-material pricing most often used?

Answered: 1 week ago