In December 2018, Apple had cash of $86.77 billion, current assets of $140.69 billion, and current liabilities of $108.31 billion. It also had inventories of $4.99 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?
In December 2018, Apple had cash of $86.77 billion, current assets of $140.69 billion, and current liabilities of $108.31 billion. It also had inventories of $4.99 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...
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In December 2018, Apple had cash of $86.77 billion, current assets of $140.69 billion, and current liabilities of $108.31 billion. It also had inventories of $4.99 billion.
a. What was Apple's current ratio?
b. What was Apple's quick ratio?
c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?
a. What was Apple's current ratio?
Apple's current ratio was _____.
(Round to two decimal places.)
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