The current assets and current liabilities for Apple Computer Inc. and Dell Computer Corp. are shown as follows at the end of a recent fiscal period:

a. Determine the quick ratio for both companies.
b. Interpret the quick ratio difference between the twocompanies.

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Apple Computer Inc. (In millions) Sept. 29, 2002 Dell Computer Corp (In millions) Jan. 31, 2003 Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets $2,252 2,085 565 45 441 $5,388 $4,232 406 2,586 306 1,394 $8,924 Total current assets Current liabilities: Accounts payable Accrued and other current liabilities S 911 747 $1,658 $5,989 2,944 $8,933 Total current liabilities