The current assets and current liabilities for Apple Computer, Inc., and Dell Inc. are shown as follows
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:
a. Determine the quick ratio for both companies.
b. Interpret the quick ratio difference between the twocompanies.
Transcribed Image Text:
Apple Computer, Inc. (in millions) Sept. 26, 2009 Dell Inc. in millions) Jan. 29, 2010 Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets 10,635 5,263 18,201 4,496 373 8,543 1,051 3,643 $24.245 455 3,140 Total current assets 31,555 $9,453 11,506 Current liabilities: Accounts payable Accrued and other current liabilities $15,257 3,703 $18,960 2,053 Total current liabilities These represent prepaid expense and other nonquick current assets.
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