50. At the end of 2015, Apple had cash and short-term investments of $41.60 billion, accounts receiv- able of $35.89 billion, current assets of $89.38 billion, and current liabilities of $80.61 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. What was Apple's cash ratio? d. At the end of 2015, HPQ had a cash ratio of 0.35, a quick ratio of 0.73 and a current ratio of 1.15. What can you say about the asset liquidity of Apple relative to HPQ?

50. At the end of 2015, Apple had cash and short-term investments of $41.60 billion, accounts receiv- able of $35.89 billion, current assets of $89.38 billion, and current liabilities of $80.61 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. What was Apple's cash ratio? d. At the end of 2015, HPQ had a cash ratio of 0.35, a quick ratio of 0.73 and a current ratio of 1.15. What can you say about the asset liquidity of Apple relative to HPQ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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