Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

P 2-20 (similar to) Question Help In December 2015, Apple had cash of $38.05 billion, current assets of $76.55 billion, and current liabilities of $75.68

image text in transcribed
P 2-20 (similar to) Question Help In December 2015, Apple had cash of $38.05 billion, current assets of $76.55 billion, and current liabilities of $75.68 billion. It also had inventories of $2.45 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90. 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 I. (Round to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of corporate finance

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

2nd Edition

978-0470933268, 470933267, 470876441, 978-0470876442

Students also viewed these Finance questions

Question

What are the key differences?

Answered: 1 week ago

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago