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In December 2018, Apple had cash of $86.53 billion, current assets of $141.07 billion, and current liabilities of $108.47 billion. It also had inventories of
In December 2018, Apple had cash of $86.53 billion, current assets of $141.07 billion, and current liabilities of $108.47 billion. It also had inventories of $4.99 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. 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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