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. 24, 2005 Dell Inc. (In millions) Feb. 3, 2006 Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets 3,491 4,770 895 165 979 10,300 7,042 2,016 4,089 576 3,983 $17,706 Total current assets Current liabilities: Accounts payable Accrued and other current liabilities 1,779 1,705 S 3,484 9,840 6,087 $15,927 Total current liabilities These represent prepaid expense and other nonquick current assets
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a Apple Computer Inc Dell Inc Quick Ratio 263 083 b It is clear that Apple Computers shortterm li...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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