In December $2021,$ Apple had cash of $$61\mathrm{.}62$ billion, current assets of $$134\mathrm{.}61$ billion, and current liabilities of $$126\mathrm{.}16$ billion. It also had inventories of $$5\mathrm{.}98$ billion.

a$.$ What was Apple's current ratio?

b$.$ What was Apple's quick ratio?

c$.$ In October $2021,$ Hewlett$-$Packard had a quick ratio of $0\mathrm{.}49$ and a current ratio of $0\mathrm{.}77.$ What can you say about the asset liquidity of Apple relative to Hewlett$-$Packard?

a$.$ What was Apple's current ratio?

Apple's current ratio was $.($Round to two decimal places.$)$

b$.$ What was Apple's quick ratio?

Apple's quick ratio was $.($Round to two decimal places.$)$

c$.$ In October $2021,$ Hewlett$-$Packard had a quick ratio of $0\mathrm{.}49$ and a current ratio of $0\mathrm{.}77.$ What can you say about the asset liquidity of Apple relative to Hewlett$-$Packard? $($Select the best choice below.$)$

A$.$ Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett$-$Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett$-$Packard.

B$.$ Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett$-$Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett$-$Packard.

C$.$ Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett$-$Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett$-$Packard.

D$.$ Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett$-$Packard. This means that in a pinch, Apple has less liquidity to draw on than does Hewlett$-$Packard.