Question
In December 2015, Apple had cash of $37.92 billion, current assets of $75.96 billion, and current liabilities of $75.99 billion. It also had inventories of
In December 2015, Apple had cash of $37.92 billion, current assets of $75.96 billion, and current liabilities of $75.99 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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Financial Markets And Institutions
Authors: Jeff Madura
10th Edition
1285531507, 9781285531502
