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.

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