1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
____ [38]
3 years ago
8

In December 2015​, Apple had cash of $ 37.69 ​billion, current assets of $ 75.91 ​billion, and current liabilities of $ 76.31 bi

llion. 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 0.66 and a current ratio of 0.90. What can you say about the asset liquidity of Apple relative to​ Hewlett-Packard?
Business
1 answer:
ollegr [7]3 years ago
7 0

Answer:

(a) 0.99

(b) 0.96

(c) Apple has better liquidity

Explanation:

(a) Apple's current​ ratio:

= Current assets ÷ Current liabilities

= $ 75.91 ​billion ÷ $ 76.31 billion

= 0.99

(b) Apple's quick​ ratio:

= (Current assets - Inventory) ÷ Current liabilities

= ($ 75.91 ​billion - $ 2.45 billion) ÷$ 76.31 billion

= 0.96

(c) In January 2016​,

Quick ratio = 0.66

Current ratio = 0.90

In comparison to H-P assets quality Apple has much better quality. Current ratio and quick ratio of apple is better than H-P which shows that apple has better liquidity than H-P.

You might be interested in
Financial literacy means . . .?
scZoUnD [109]

Answer:

F. C and D only

Explanation:

Financial Literacy

This is when an individual or person possesses the skills, techniques and knowledge that allows him/her (the individual or person) to make informed and efficient decisions with all of their financial resources. It is the ability to understand how money works. This includes, how individuals make money, manage it and invest it properly. Financial skills possessed by a financial literate includes budgeting, personal financial management, investment, expenditure and so on.

Understanding assumptions and estimates of plant managers and creating a firm financial statement are NOT part of the indicators for financial literacy.

8 0
3 years ago
Examples of services are _____.<br><br> dentists<br> childcare<br> newspapers<br> personal computers
motikmotik

Personal computers

Sentence:

Examples of services are personal computers.

6 0
4 years ago
Who got g mail?? lmk
Bezzdna [24]

Answer:I do

Explanation:

6 0
3 years ago
Read 2 more answers
When coca-cola promoted coke as a morning beverage for those consumers who don't drink coffee, it used a __________ strategy?
Mademuasel [1]
<span>In this situation coca-cola used what is called a market modification strategy. A market modification strategy is one that a company uses in order to increase use or consumption of a product or service that they offer. In this case, coca-cola was attempting to increase consumption of its product by selling it to a group that does not consume the common breakfast drink.</span>
7 0
3 years ago
Since the acme global corporation closed six of its plants last year, employees at the other plants have been feeling a great de
Leya [2.2K]
This is called an occupational stress. <span> This comes from work, which is stress related.</span><span>
</span><span>There are many factors why people have occupational stress. T</span><span>he load of work, pressure, economic conditions at work and layoffs can lead to such stress. Stress can lead to poor health and behavioral changes.</span><span>
</span><span>
</span>
7 0
4 years ago
Other questions:
  • Mars inc., an automaker, hires a popular celebrity, emma hunt, as the spokesperson for its "keep the world green" campaign, an i
    15·1 answer
  • C Co. reported a retained earnings balance of $200,000 at December 31, 2010. In September 2011, C determined that insurance prem
    15·1 answer
  • Shoshanna owns a hair salon. She starts with one employee and hires a second a week after she opens. Shoshanna notices that afte
    8·1 answer
  • During December, Far West Services makes a $3,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
    6·1 answer
  • Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one pro
    13·1 answer
  • According to a recent survey by BizMag, more than 60 percent of all employees believe that pilfering office supplies for persona
    15·1 answer
  • In 2016, the company purchased $5,691 in new fixed assets. The tax rate is 30 percent. How much in fixed assets did the company
    15·1 answer
  • Of the six images of managing change, the _____ and _____ images have their foundations in the field of organization theory.
    14·1 answer
  • Chris paid $100,000 for a single-family home on July 1, 2019, and immediately placed it in service as residential rental propert
    9·1 answer
  • Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!