Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In December 2015, Apple had cash of $37.85 billion, current assets of $76.15 billion, and current liabilities of $76.13 billion. It also had inventories of

image text in transcribed
In December 2015, Apple had cash of $37.85 billion, current assets of $76.15 billion, and current liabilities of $76.13 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? a. What was Apple's current ratio? Apple's current ratio was (Round to two decimal places) b. What was Apple's quick ratio? Apple's quick ratio was (Round to two decimal places.) 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? (Select the best choice below.) O A Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Howlett-Packard. This means that in a pinch Apple has more liquidity to draw on than doos Hewlett-Packard O B. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch Apple has more liquidity to draw on than does Hewlett-Packard C Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard D. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard This means that in a pinch, Apple has less liquidity to draw on than does Hewlett-Packard O

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

Smart Sexy Auditing Clerk

Authors: Funny Career Quotes

1st Edition

B08RRJ97CP, 979-8588903189

More Books

Students also viewed these Accounting questions

Question

Explain the nature of human resource management.

Answered: 1 week ago

Question

Write a note on Quality circles.

Answered: 1 week ago

Question

Describe how to measure the quality of work life.

Answered: 1 week ago