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When looking at these three liquidity ratios, what do they tell you about Apple as a company throughout the years? 2020 2019 2018 Current ratio
When looking at these three liquidity ratios, what do they tell you about Apple as a company throughout the years?
| 2020 | 2019 | 2018 |
Current ratio = Total current AssetsTotal current Liabilities
| = 1.36 | 1.54 | 1.13 |
Quick Ratio = Cash + Short-term investments + ReceivablesCurrent Liabilities
| = 1.02 | 1.17 | 0.77 |
Cash conversion cycle = (Days sales outstanding) + (Days of inventory on hand) (Number of days of payables)
| (8.77 + 28.89) 95.05 = -60.40 | -73.45 | -79.34 |
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