The current assets and current liabilities for Apple Computer Inc. and Dell Computer Corp. are shown as
Question:
The current assets and current liabilities for Apple Computer Inc. and Dell Computer Corp. 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. 29, 2002 Dell Computer Corp (In millions) Jan. 31, 2003 Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets $2,252 2,085 565 45 441 $5,388 $4,232 406 2,586 306 1,394 $8,924 Total current assets Current liabilities: Accounts payable Accrued and other current liabilities S 911 747 $1,658 $5,989 2,944 $8,933 Total current liabilities
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a Apple Computer Inc Dell Computer Corp Quick Ratio 296 081 b It is clear that Apple Computers s...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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