K In December 2021, Apple had cash of $62.38 billion, current assets of $134.15 billion, and current liabilities of $123.83 billion. It also had
K In December 2021, Apple had cash of $62.38 billion, current assets of $134.15 billion, and current liabilities of $123.83 billion. It also had inventories of $6.43 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In October 2021, Hewlett-Packard had a quick ratio of 0.49 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?
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Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
