In December 2021, Apple had cash of $60.41 billion, current assets of $132.69 billion, and current liabilities of $125.78 billion. It also had inventories of $5.89 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In October 2021, Hewlett-Packard had a quick ratio of 0.48 and a current ratio of 0.74. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

In December 2021, Apple had cash of $60.41 billion, current assets of $132.69 billion, and current liabilities of $125.78 billion. It also had inventories of $5.89 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In October 2021, Hewlett-Packard had a quick ratio of 0.48 and a current ratio of 0.74. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

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

Problem 1PS

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