Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In December 2015, Apple had cash of $37.91 billion, current assets of $76.66 billion, and current liabilities of $76.45 billion. It also had inventories of
In December 2015, Apple had cash of $37.91 billion, current assets of $76.66 billion, and current liabilities of $76.45 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.) In December 2015, General Electric (GE) had a book value of equity of $97.3 billion, 9.7 billion shares outstanding, and a market price of $33.85 per share. GE also had cash of $103.1 billion, and total debt of $197.1 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $ billion. (Round to one decimal place.)
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