In mid-2012, Apple had cash and short-term investments of $27.65 billion,

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In mid-2012, Apple had cash and short-term investments of $27.65 billion, accounts receivable of $14.30 billion, current assets of $51.94 billion, and current liabilities of $33.06 billion.

    a. What was Apple’s current ratio?

    b. What was Apple’s quick ratio?

    c. What was Apple’s cash ratio?

    d. In mid-2012, Dell had a cash ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.35. What can you say about the asset liquidity of Apple relative to Dell?

    • 5 years ago
    In mid-2012, Apple had cash and short-term investments of $27.65 billion,
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