Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In December 2015, Apple had cash of $ 37.68 billion, current assets of $ 76.36 billion, and current liabilities of $ 76.46 billion. It also

In December 2015, Apple had cash of $ 37.68 billion, current assets of $ 76.36 billion, and current liabilities of $ 76.46 billion. It also had inventories of $ 2.45 billion.

a. What was Apple's current ratio?

b. What was Apple's quick ratio?

c. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

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

Investment Risk Management

Authors: Yen Yee Chong

1st Edition

0470849517, 9780470849514

More Books

Students also viewed these Finance questions

Question

What serves as the bridge between the RAM and the CPU?

Answered: 1 week ago