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In December 2015​, Apple had cash of $38.02 billion, current assets of$75.99 ​billion, and current...

In December 2015, Apple had cash of $38.02 billion, current assets of $75.99 billion, and current liabilities of $75.91 billion. It also had inventories of $2.45 billion.

a. What was Apple's current ratio?

b. What was Apple's quick ratio?

c. In January 2016,

Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90.

What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

Solutions

Expert Solution

current ratio standard rate is 2:1

Quick ratio standard rate is 1:1

jeff jeffy answered 2 years ago
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