Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In December2018, Apple had cash of $86.33 billion, current assets of $141.18 billion, and current liabilities of $108.39 billion. It also had inventories of $4.99
In December2018, Apple had cash of $86.33 billion, current assets of $141.18 billion, and current liabilities of $108.39 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?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
