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Compute Apples current ratio for 2017 and for 2016. What information does the current ratio...

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Accounting

Compute Apples current ratio for 2017 and for 2016. What information does the current ratio provide to an investor? Calculate Apples equity ratio for 2017 and for 2016. Based on your calculations, does Apple seem to be at major risk for insolvency?

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Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30 2017 September 24, 2016 ASSETS Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $58 and $53, respectively Inventories Vendor non-trade receivables Other current assets 20,289 $ 53,892 17,874 4,855 17,799 13,936 20,484 46,671 15,754 2,132 13,545 8,283 106,869 Total current assets 128,645 Long-term marketable securities Property, plant and equipment, net Goodwil Acquired intangible assets, net Other non-current assets 194,714 33,783 5,717 2,298 10,162 375,319 S 170,430 27,010 5,414 3,206 8,757 321,686 Total assets

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