In early 2015, Abercrombie & Fitch (ANF) had a book equity of $1,390 million, a price per share of $25.52, and 69.35 million shares outstanding. At the same time, The Gap (GPS) had a book equity of $2,983 million, a share price of $41.19, and 421.00 million shares outstanding. 1. ANF's market-to-book ratio is _______ (Round to two decimal places.) 2. GPS's market-to-book ratio is _______ (Round to two decimal places.) At the end of 2015, Apple had cash and short-term investments of $41.60 billion, accounts receivable of $35.89 billion, current assets of $89.38 billion, and current liabilities of $80.61 billion. 3. The current ratio is _________ (Round to two decimal places.) 4. What was Apple's quick ratio? The quick ratio is _________ (Round to two decimal places.) 5. What was Apple's cash ratio? The cash ratio is ________ (Round to two decimal places.) 6. At the end of 2015, HPQ had a quick ratio of 0.73 and a current ratio of 1.15. What can you say about the asset liquidity of Apple relative to HPQ? Which one HPQ or Apple generally has more liquid assets than HPQ or Apple relative to current liabilities. 7. Your firm has a risk-free investment opportunity with an initial investment of $160,000 today and receive $170,000 in one year. For what level of interest rates is this project attractive? The project will be attractive when the interest rate is any positive value less than or equal to ___________% (Round to two decimal places.)