Key figures for the recent two years of Research In Motion and Apple 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 RIM€™s and Apple€™s current ratios compare to their industry (assumed) average ratio of2.4?

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Research In Motion Apple Key Figures ($ millions) Current assets Current Year $5,813 2.432 Prior Year $4,842 2.115 Current Year $31,555 11,506 Prior Year $30,006 11,361