Question
In December 2015, Apple had cash of $37.74 billion, current assets of $76.55 billion, and current liabilities of $76.53 billion. It also had inventories of
In December 2015, Apple had cash of $37.74 billion, current assets of $76.55 billion, and current liabilities of $76.53 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?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
