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Category > Accounting Posted 13 May 2017 My Price 7.00

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

 

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?

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 13 May 2017 10:05 AM My Price 7.00

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file 1494673108-Answer.docx preview (163 words )
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