In December 2015 Apple had cash of $ 37.89 billion, current assets of $ 75.91 billion, and current liabilities of $ 76.05 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? (Select the best choice below.

A.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.

B.Apple's lower 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 higher 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.