EBK FUNDAMENTALS OF CORPORATE FINANCE
EBK FUNDAMENTALS OF CORPORATE FINANCE
4th Edition
ISBN: 8220103631754
Author: Harford
Publisher: PEARSON
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Chapter 2, Problem 20P

In December 2015, Apple had cash of $38.07 billion, current assets of $76.22 billion, and current liabilities of $76.09 billion. It also had inventories of $2.45 billion.

  1. What was Apple's current ratio?
  2. What was Apple's quick ratio?
  3. In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of0.90. What can you say about the asset liquidity of Apple relative to Hewlett-Packard?

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EBK FUNDAMENTALS OF CORPORATE FINANCE

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