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In December 2018, Apple had cash of $86.58 billion, current assets of $140.87 billion, and current liabilities of $108.63 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.) h What was Apple's quick ration pa past past past du

In December 2018, Apple had cash of $86.58 billion, current assets of $140.87 billion, and current liabilities of $108.63 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.) h What was Apple's quick ration pa past past past du

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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In December 2018, Apple had cash of $86.58 billion, current assets of $140.87 billion, and current liabilities of $108.63 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 b. What was Apple's quick ratio? Apple's quick ratio was (Round to two decimal places.) 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? (Select the best choice below.) OA. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does. Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard. OB. Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard OC. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has less liquidity to draw on than does Hewlett-Packard. Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard. Time Remaining: 01:32:08 Show work D (Round to two decimal places.) Search SAMSUNG Next past past du past due past due past due past due
Transcribed Image Text:In December 2018, Apple had cash of $86.58 billion, current assets of $140.87 billion, and current liabilities of $108.63 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 b. What was Apple's quick ratio? Apple's quick ratio was (Round to two decimal places.) 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? (Select the best choice below.) OA. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does. Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard. OB. Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard OC. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has less liquidity to draw on than does Hewlett-Packard. Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard. Time Remaining: 01:32:08 Show work D (Round to two decimal places.) Search SAMSUNG Next past past du past due past due past due past due
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