Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

In December 2 0 2 1 , Apple had cash of $ 6 1 . 5 6 billion , current assets of $ 1 3

In December 2021, Apple had cash of $61.56billion, current assets of $132.01billion, and current liabilities of $126.83 billion. It also had inventories of $7.22 billion.
a. What was Apple's current ratio?
b. What was Apple's quick ratio?
c. In October 2021, Hewlett dash Packard had a quick ratio of 0.44 and a current ratio of 0.74. What can you say about the asset liquidity of Apple relative to Hewlett dash Packard?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Taxation Of Individuals And Business Entities 2015

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

6th Edition

9780077862367

Students also viewed these Finance questions

Question

Find the probabilities 3. CAC C 2 2

Answered: 1 week ago