Walmart Stores Inc. (WMT) operates over retail stores throughout the world. In contrast, Alphabet Inc. (GOOG) is a technology company, formerly known as Google, that provides a variety of online services.

1. Do you think Walmart or Alphabet has a higher quick ratio?

2. Using the following data (in millions) adapted from financial statements of a recent year, compute the quick ratios for Walmart and Alphabet. Round to two decimal places.

3. Explain the results in (2).

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Alphabet (Google) Walmart Current assets $124,308 $59,664 Quick assets 120,207 12,370 Total current liabilities 24,183 78,521