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

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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Apple Inc. (in millions) HP, Inc. (in millions) Current assets: Cash and cash equivalents $ 25,913 $ 5,166 Short-term investments Accounts receivable 40,388 48,995 5,113 Inventories 3,956 6,062 Other current assets* 12,087 $131,339 5,046 $21,387 Total current assets Current liabilities: Accounts payable Accrued and other current liabilities $14,816 10,315 $25,131 $ 55,888 Total current liabilities 60,978 *These represent prepaid expense and other nonquick current assets. $116,866