Quiz: Chapter 2 Quiz This Question: 1 pt 1 of 9 (0 complete) In December 2015, Apple had cash of $38.07 billion, current assets of $76 22 billion, and current liabilities of $76.09 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- PO a. What was Apple's current ratio? Apple's current ratio was (Round to two decimal places.) b. What was Apple's quick ratio? Apple's quick ratio was(Round to two decimal places.) 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? (Sche O A. Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to di OB. Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to O C. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has less liquidity to OD. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch Apple has more liquidity to Click to select your answer(s). H E O w Type here to search G W acer