Quick Ratio The current assets and current liabilities for Apple Inc. and HP, Inc., are as follows at the end of a recent fiscal period: Apple Inc. HP, Inc. (in millions) (in millions) Current assets: Cash and cash equivalents $25,913 $5,166 Short-term investments 40,388 Accounts receivable 48,995 5,113 Inventories 3,956 6,062 Other current assets* 12,087 5,046 Total current assets $131,339 $21,387 0 Current liabilities: Accounts payable $55,888 $14,816 Accrued and other current liabilities 60,978 10,315 Total current liabilities $116,866 $25,131 *These represent prepaid expense and other nonquick current assets. a. Determine the quick ratio for both companies. If required, round your answers to one decimal place. Quick Ratio Apple Inc.: HP, Inc