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In December 2015, Apple had cash of $38.48 billion, current assets of $75.83 billion, and current liabilities of $76.03 billion. It also had inventories of
In December 2015, Apple had cash of $38.48 billion, current assets of $75.83 billion, and current liabilities of $76.03 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.)
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