At the end of 2017, Apple had cash and short-term investments of ($41.62) billion, accounts receivable of

Question:

At the end of 2017, Apple had cash and short-term investments of $$41.62$ billion, accounts receivable of $$36.19$ billion, current assets of $$89.66$ billion, and current liabilities of $$80.37$ billion.

a. What was Apple’s current ratio?

b. What was Apple’s quick ratio?

c. What was Apple’s cash ratio?

d. At the end of 2017, HPQ had a cash ratio of 0.35, a quick ratio of 0.72 and a current ratio of 1.22. What can you say about the asset liquidity of Apple relative to HPQ?

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