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The current assets and current liabilities for Apple Inc. and Dell, Inc., are as follows at the end of a recent fiscal period. Apple Inc.

The current assets and current liabilities for Apple Inc. and Dell, Inc., are as follows at the end of a recent fiscal period.

Apple Inc. (in millions) Dell, Inc. (in millions)
Current Assets
Cash and cash equivalents $10,746 $12,569
Short-term investments $18,383 $208
Accounts Receivable $21,275 $9,842
Inventories $791 $1,382
Other current assets* $6,458 $3,967
Total current assets $57,653 $27,968
Current liabilities
Accounts payable $32,589 $15,223
Accrued and other liabilities $5,953 $8,216
Total current liabilities $38,542 $23,439

*these represent prepaid expense and other nonquick current assets

a. Determine the quick ratio for both companies. (Round to one decimal place.)

b. Interpret the quick ratio difference between the two companies.

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