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?