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ets WE y ay ppl In December 2015, Apple had cash of $38.07 billion, current assets of $76.22 billion, and current liabilities
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Answer #1

a.Apple's current ratio is calculated as:

Current ratio=Current assets/Current liabilities

Current ratio=76.22/76.09

Current ratio=1.00

b.Quick ratio=(Current assets-Inventory)/Current liabilities

Quick ratio=(76.22-2.45)/76.09

Quick ratio=0.97

c.In january 2016Hewlett-packard had following ratios

Current ratio=0.66

Quick ratio=0.90

As the current and quick ratio of Apple is better than Hewlett-Packard it depicts that apple has more liquidity then Hewlett-packard.

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