Homework Answers
a. Apple's Current ratio was = 1
Current ratio = Current assets / Current liabilities
= $76.36 Billion / $ 76.23 Billion
= 1.0017
= 1.00
b. Apple's Quick ratio =
Quick ratio = Current assets - inventories / Current liabilities
= ($ 76.36 Billion- $2.45 Billion ) $ 76.23 Billion
= 0.9696
c. It appears that hewlett-packard has more liquid assets than apple
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