Question: The current assets and current liabilities for Apple Computer, Inc., and Dell Inc. are shown as follows at the end of a recent fiscal period:

The current assets and current liabilities for Apple Computer, Inc., and Dell Inc. are shown as follows at the end of a recent fiscal period:

(a) Determine the quick ratio for both companies.(b) Interpret the quick ratio difference between the twocompanies.

Apple Computer, Inc. (In millions) Sept. 29, 2007 Dell Inc. (In millions) Feb. 2, 2007 Current assets: Cash and cash equivalents $ 9,352 6,034 4,029 $ 9,546 752 Short-term investments Accounts receivable 6,152 Inventories 346 660 2,195 2,829 $19,939 Other current assets* Total current assets $21,956 Current liabilities: $ 4,970 4,329 Accounts payable $10,430 7,361 Accrued and other current liabilities $ 9,299 Total current liabilities $17,791 *These represent prepaid expense and other nonquick current assets.

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