Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In December 2 0 2 1 , Apple had cash of $ 6 0 . 9 9 billion, current assets of $ 1 3 5
In December Apple had cash of $ billion, current assets of $ billion, and current liabilities of $ billion. It also had inventories of $ billion.
a What was Apple's current ratio?
b What was Apple's quick ratio?
c In October HewlettPackard had a quick ratio of and a current ratio of What can you say about the asset liquidity of Apple relative to HewlettPackard?
a What was Apple's current ratio?
Apple's current ratio was Round to two decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started