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In December 2015​, Apple had cash of $37.98 billion, current assets of $76.66 billion, and current...

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Finance

In December 2015​, Apple had cash of $37.98 billion, currentassets of $76.66 billion, and current liabilities of $76.12billion. It also had inventories of $2.45 billion.

a. What was​ Apple's current​ ratio?

b. What was​ Apple's quick​ ratio?

c. In January 2016​, ​Hewlett-Packard had a quick ratio of 0.66and a current ratio of 0.90

What can you say about the asset liquidity of Apple relativeto​Hewlett-Packard?

Answer & Explanation Solved by verified expert
4.2 Ratings (854 Votes)
Current asset of Apple 7666 billion Current liabilities of apple 7612 billion Apples Inventory 245 billion a Apples Current ratio Current AssetsCurrent Liabilities 76667612 101 b Quick    See Answer
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