Question: Current ratios and some related data for Apple Inc. in the last two fiscal years are as follows: 2 0 1 2 2 0 1
Current ratios and some related data for Apple Inc. in the last two fiscal years are as follows:
Current RatioNet Sales $ millionsCash & Equivalents $ millionsShort Term Marketable Securities $ millionsAccounts Receivable, net $ millionsOther Current Assets $ millionsLong Term Marketable Securities $ millionsCurrent Liabilities $ millionsProfit Margin $ millions
What is the best explanation for the increase in the current ratio in
Long term marketable securities increased significantly
Current liabilities increased by over $ million.
Current assets continued to grow without a proportionate increase to its liabilities.
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