In December $20212021,$ AppleApple had cash of $$$$61\mathrm{.}5661\mathrm{.}56$billion$,$ current assets of $$$$135\mathrm{.}24135\mathrm{.}24$billion$,$ and current liabilities of $$$$124\mathrm{.}28124\mathrm{.}28$ billion. It also had inventories of $$$$5\mathrm{.}635\mathrm{.}63$ billion.

a$.$ What was AppleApple$\text{'}$s current$$ ratio?

b$.$ What was AppleApple$\text{'}$s quick$$ ratio?

c$.$ In October $20212021,$ Hewlett dash PackardHewlett$-$Packard had a quick ratio of $0\mathrm{.}490\mathrm{.}49$ and a current ratio of $0\mathrm{.}790\mathrm{.}79.$ What can you say about the asset liquidity of AppleApple relative to Hewlett dash PackardHewlett$-$Packard$?$

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Part $1$

a$.$ What was AppleApple$\text{'}$s current$$ ratio?

AppleApple$\text{'}$s current ratio was enter your response here. $($Round to two decimal$$ places.$)$

Part $2$

b$.$ What was AppleApple$\text{'}$s quick$$ ratio?

AppleApple$\text{'}$s quick ratio was enter your response here. $($Round to two decimal$$ places.$)$

Part $3$

c$.$ In October $20212021,$ Hewlett dash PackardHewlett$-$Packard had a quick ratio of $0\mathrm{.}490\mathrm{.}49$ and a current ratio of $0\mathrm{.}790\mathrm{.}79.$ What can you say about the asset liquidity of AppleApple relative to Hewlett dash PackardHewlett$-$Packard$?($Select the best choice$$ below.$)$

A$.$

AppleApple$\text{'}$s higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett dash PackardHewlett$-$Packard. This means that in a$$ pinch, AppleApple has more liquidity to draw on than does Hewlett dash PackardHewlett$-$Packard.

B$.$

AppleApple$\text{'}$s higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett dash PackardHewlett$-$Packard. This means that in a$$ pinch, AppleApple has more liquidity to draw on than does Hewlett dash PackardHewlett$-$Packard.

C$.$

AppleApple$\text{'}$s higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett dash PackardHewlett$-$Packard. This means that in a$$ pinch, AppleApple has less liquidity to draw on than does Hewlett dash PackardHewlett$-$Packard.

D$.$

AppleApple$\text{'}$s lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett dash PackardHewlett$-$Packard. This means that in a$$ pinch, AppleApple has more liquidity to draw on than does Hewlett dash PackardHewlett$-$Packard.