please answer For 2019, Apple is below or is it above ? the industry average for the current and quick ratio, but is below or is it above ? the industry average for the cash ratio. However, because there is little concern about Apple’s ability to sell its inventories, the current ratio provides relatively high confidence that Apple will or will not ? be able to meet its short-term obligations. Using Apple's 10-K, answer the following questions (Hint: It may be easier to use the Word or the PDF file, and use the search feature within the program.):1. Calculate Apple's current, quick, and cash ratios for 2018 and 2019. The industry averages for these ratios for 2019 were 1.72, 1.41, and 0.77, respectively. Roundyour answers to two decimal places.2019Current RatioQuick RatioCash Ratio1.351.330.8520181.111.080.52Comment on Apple's short-term liquidity.For 2019, Applethe industry average for the current and quick ratio, butbecause there is little concern about Apple's ability to sell its inventories, the current ratio provides relatively high confidence that Applemeet its short-term obligations.the industry average for the cash ratio. However,be able to

Ratio analysis is a flexible and effective method that helps companies comprehend their financial…

For 2019, Apple is below or is it above ? the industry average for the current and quick ratio, but is below or is it above ? the industry average for the cash ratio. However, because there is little concern about Apple’s ability to sell its inventories, the current ratio provides relatively high confidence that Apple will or will not ? be able to meet its short-term obligations.

For 2019, Apple is below or is it above ? the industry average for the current and quick ratio, but is below or is it above ? the industry average for the cash ratio. However, because there is little concern about Apple’s ability to sell its inventories, the current ratio provides relatively high confidence that Apple will or will not ? be able to meet its short-term obligations.

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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