Question
In December 2021, Apple had cash of $62.64 billion, current assets of $134.84 billion, and current liabilities of $125.48 billion. It also had inventories of
In December 2021, Apple had cash of $62.64 billion, current assets of $134.84 billion, and current liabilities of $125.48 billion. It also had inventories of $6.58 billion.
What was Apples current ratio?
What was Apples quick ratio?
In October 2021, Hewlett-Packard had a quick ratio of 0.49 and a current ratio of 0.76. 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
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
