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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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