Question
In December 20152015, Apple had cash of $ 38.07$38.07 billion, current assets of $ 76.22$76.22 billion, and current liabilities of $ 76.09$76.09 billion. It also
In December 20152015, Apple had cash of $ 38.07$38.07 billion, current assets of $ 76.22$76.22 billion, and current liabilities of $ 76.09$76.09 billion. It also had inventories of $ 2.45$2.45 billion.
a. What was Apple's current ratio?
b. What was Apple's quick ratio?
c. In January 20162016, Hewlett-Packard had a quick ratio of 0.660.66 and a current ratio of 0.900.90. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
