In December 2015, Apple had cash of $37 98 billion, currentassets of $...

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

80.2K

Verified Solution

Question

Finance

In December 2015â€‹, 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 wasâ€‹ Apple's currentâ€‹ ratio?
b. What wasâ€‹ Apple's quickâ€‹ ratio?
c. In January 2016â€‹, â€‹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 relativetoâ€‹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

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member