The current assets and current liabilities for Apple Inc. and HP, Inc., are as follows at the

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

The current assets and current liabilities for Apple Inc. and

* These represent prepaid expense and other non-quick current assets.
a. Determine the quick ratio for both companies. Round to one decimal place.
b. Interpret the quick ratio difference between the two companies.

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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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