In mid-2012, Apple had cash and short-term investments of $27.65 billion, accounts receivable of $14.30 billion, current

Question:

In mid-2012, Apple had cash and short-term investments of $27.65 billion, of $14.30 billion, current assets of $51.94 billion, and current liabilities of $33.06 billion.
a. What was Apple’s current ratio?
b. What was Apple’s quick ratio?
c. What was Apple’s cash ratio?
d. In mid-2012, Dell had a cash ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.35. What can you say about the asset liquidity of Apple relative to Dell?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...