Key figures for the recent two years of both Apple and Google follow. Required 1. Compute the

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Key figures for the recent two years of both Apple and Google follow.

Required

1. Compute the current ratio for both years for both companies.

2. Which company has the better ability to pay short-term obligations according to the current ratio?

3. Analyze and comment on each company’s current ratios for the past two years.

4. How do Apple’s and Google’s current ratios compare to their industry (assumed) average ratio of 2.0?

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 02:54 AM

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Key figures for the recent two years of both Apple and Google follow. Required 1. Compute the

Question:

Apple Google ($ millions) Current assets. Current liabilities ..W Current Year Prior Year Current Year Prior Year $73,286 43.658 $57,653 38,542 $72,886 15,908 $60,454 14,337

Step by Step Answer:

1 Apples current ratios in millions Current year 73286 43658 168 Prior year 57653 38542 150 Googles ...View the full answer

Fundamental Accounting Principles

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