In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities

Question:

In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities of $76.29 billion. It also had inventories of $2.45 billion.

a. What was Apple’s current ratio?

b. What was Apple’s quick ratio?

c. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90.

What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

See More Books

Question Posted: Feb 27, 2024 03:07 AM

See More Questions

In April 2013, Apple had cash of $39.14 billion, current assets of $63.34 billion, and current liabilities of $35.51 billion. It also had inventories of $1.25 billion. a. What was Apple's current...
In mid-2012, Apple had cash and short-term investments of $27.65 billion, accounts receivable of $14.30 billion, current assets of $51.94 billion, and current liabilities of $33.06 billion. a. What...
In July 2007, Apple had cash of $7.12 billion, current assets of $18.75 billion, and current liabilities of $6.99 billion. It also had inventories of $0.25 billion. a. What was Apples current ratio?...
Solve each equation in Exercises. Round decimal answers to four decimal places. log 3 (x 2 + 17) - log3 (x + 5) = 1
When Congress enacted the USA Patriot Act in 2001, it modified pre-existing surveillance laws which among other things, established the conditions under which the government could electronically...
Show that $X_{\mathrm{i}}(\mathrm{j} \Omega)$ in Equation (1.170) is a periodic function of $\Omega$ with period $2 \pi / T$.
The registration numbers for the candidates of an entrance test are numbered from 000001 to 200000. What is the probability that a candidate will get a registration number divisible by 40 ?
The area shown is revolved about the x axis to form a homogeneous solid of revolution of mass m. Determine by direct integration the mass moment of inertia of the solid with respect to (a) The x...
Rubbermaid has had an excellent track record in the development and launch of new products. Check out its most recent new product launches. What are the characteristics of its newest products?
In early-2016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share) are in millions of dollars. a. What is...
In December 2015, General Electric (GE) had a book value of equity of $97.6 billion, 9.6 billion shares outstanding, and a market price of $32.79 per share. GE also had cash of $103.4 billion, and...
Referring to Problem 14-32, Julia Walters establishes the following relevant costs: (1) The carrying cost per Mercedes per month is $600, (2) The cost of a lost sale averages $4,350, (3) The cost of...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. An agreement to guarantee debts of another generally must be in writing to be enforceable.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Some types of contracts must be in writing to be enforceable.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A third party who benefi ts incidentally from a contract has a right to the benefi ts if...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. An assignment must be in writing if the original contract was required by law to be in...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. The court may make assignments for bankrupt persons.
The management of Magnificent Modems, Inc. (MMI), is uncertain as to the volume of sales that will exist in 2011. The president of the company asked the chief accountant to prepare flexible budget...
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
MIRR Suppose the company in Problem 19 uses an 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. Calculate the MIRR of the project using all three methods using...
Payback and NPV An investment under consideration has a payback of seven years and a cost of 5537.000. If the required return is 12 percent, what is the worst-case NPV the best-case NPV? Explain....
Multiple IRRs this problem is useful for testing the ability of financial calculators and computer software. Consider the following cash flows. How many different IRRs are there? Year Cash Flow -S...
You purchase a bond on Oct. 15, 2022 which is scheduled to mature on May 15, 2027. If the bond has a yield of 2.28% and a coupon rate of 2.50%, what will be the invoice price (based on a face value...
A company's degree of financial leverage (DFL) is 1.1.If it is currently selling 10,000 units its operating break-even point of 15,000 units, what is its degree of combined leverage (DCL) rounded to...
You have had the Game Plans signed by each client and the below is where each client/s wants to obtain finance from: Lender Client 1 BankSA Clients 2 Brunswick - AMP - cashback $3000 Fremantle -...

In December 2015, Apple had cash of $38.42 billion, current assets of $76.47 billion, and current liabilities

Question:

Step by Step Answer:

Apples Financial Ratios in December 2015 a Current Ratio Current Ratio Current Assets Cash Cu...View the full answer

Fundamentals Of Corporate Finance

Students also viewed these Business questions