In December 2018, Apple had cash of $86.43 billion, current assets of $140.83 billion, and current liabilities

Question:

In December 2018, Apple had cash of $86.43 billion, current assets of $140.83 billion, and current liabilities of $108.28 billion. It also had inventories of $4.99 billion.
a. What was Apple’s current ratio?
b. What was Apple’s quick ratio?
c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

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

Step by Step Answer:

Related Book For  answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

Question Posted: