Question

In December 2015​, Apple had cash of $ 37.87 ​billion, current assets of $ 76.62 ​billion,...

In December 2015​, Apple had cash of $ 37.87 ​billion, current assets of $ 76.62 ​billion, and current liabilities of $ 75.78 billion. 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   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
At the end of​ 2015, Apple had cash and​ short-term investments of $41.77 ​billion, accounts receivable...
At the end of​ 2015, Apple had cash and​ short-term investments of $41.77 ​billion, accounts receivable of $35.79 billion, current assets of $89.87 ​billion, and current liabilities of $80.89 billion. a. What was​ Apple's current​ ratio? b. What was​ Apple's quick​ ratio? c. What was​ Apple's cash​ ratio? d. At the end of​ 2015, HPQ had a cash ratio of 0.44​, a quick ratio of 0.79 and a current ratio of 1.11. What can you say about the asset liquidity...
Luther Corporation Consolidated Balance Sheet December 31, 2016 and 2015 (in $ millions) Assets 2016 2015...
Luther Corporation Consolidated Balance Sheet December 31, 2016 and 2015 (in $ millions) Assets 2016 2015 Liabilities and Stockholders' Equity 2016 2015 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable 87.6 73.5 Accounts receivable 55.5 39.6 Notes payable/ short-term debt 10.5 9.6 Inventories 45.9 42.9 Current maturities of long-term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities 6.0 12.0 Total current assets 171.0 144.0 Total current liabilities 144.0 132.0 Long-Term Assets Long-Term Liabilities Land 66.6 62.1...
PT LARIS MANIS Balance Sheet (in Millions) 31 December 2015 & 2016 ASSETS 2016 2015 Current...
PT LARIS MANIS Balance Sheet (in Millions) 31 December 2015 & 2016 ASSETS 2016 2015 Current Assets: Cash and equivalents $ 3,641 $ 4,910 Short-term Investments 273 525 Accounts Receivable (net) 2,269 2,424 Inventories 278 400 Other 1,419 1,467 Total Current Assets $ 7,877 $ 9,726 Non-Current Assets: Total non-current assets $ 5,658 $ 3,499 Total Assets $13,535 $13,670 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts Payable $ 5,075 $ 4,286 Accrued Liabilities 1,600 1,550 Unearned Revenues 444 192 Notes...
In December 2015​, General Electric​ (GE) had a book value of equity of $ 98.5 ​billion,...
In December 2015​, General Electric​ (GE) had a book value of equity of $ 98.5 ​billion, 9.6 billion shares​ outstanding, and a market price of $ 29.36 per share. GE also had cash of $ 103.6 ​billion, and total debt of $ 196.3 billion. a. What was​ GE's market​ capitalization? What was​ GE's market-to-book​ ratio? b. What was​ GE's book​ debt-equity ratio? What was​ GE's market​ debt-equity ratio? c. What was​ GE's enterprise​ value?
22. Kingsbury Associate’s current assets are as follows Cash 3,000 Accounts Receivable 4,000 Inventories 8,000 If...
22. Kingsbury Associate’s current assets are as follows Cash 3,000 Accounts Receivable 4,000 Inventories 8,000 If Kingsbury has a current ratio of 3.2, what is its quick ratio? [Hint: Quick Ratio = (Current Assets-Inventory)/Current Liabilities] 2.07 1.49 0.48 None of the above
Current and Quick Ratios Ace Industries has current assets equal to $2 million. The company's current...
Current and Quick Ratios Ace Industries has current assets equal to $2 million. The company's current ratio is 2.0, and its quick ratio is 1.5. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar. Current liabilities: $ Inventories: $
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,508...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,508 $ 36,830 $ 39,140 Accounts receivable, net 95,979 65,768 50,140 Merchandise inventory 115,989 87,777 54,489 Prepaid expenses 10,147 9,865 4,221 Plant assets, net 291,311 269,531 239,610 Total assets $ 544,934 $ 469,771 $ 387,600 Liabilities and Equity Accounts payable $ 134,332 $ 80,979 $ 52,186 Long-term notes payable secured by mortgages on plant assets 100,399 108,047 85,660 Common stock, $10 par value 162,500 162,500...
What is the biggest type of asset Apple had as of September 24th, 2016? A. Cash...
What is the biggest type of asset Apple had as of September 24th, 2016? A. Cash and cash equivalents B. Inventories C. Property, plant and equipment (=tangible long-term assets) D. All intangible assets including Goodwill E. Long-term marketable securities
ABC company had the following balance sheet in millions of pesos on DEC. 31 2015 Assets...
ABC company had the following balance sheet in millions of pesos on DEC. 31 2015 Assets Cash 100 Acct rec. 400 Inventory 700 Net plant and equipment 800 Liabilities and net worth Acct pay 400 Long Term debt 600 Capital stock 200 Retained earnings 800 Relevant exchange rate $.10/peso inventory and capital stock were acquired $.08/peso plant & equipment LT debt Ex rate for 31 dec 2015 $.12/peso ex rate 01 Jan 2016 What is the accounting loss or gain...
In December 2015​, General Electric​ (GE) had a book value of equity of $ 98.7 ​billion,...
In December 2015​, General Electric​ (GE) had a book value of equity of $ 98.7 ​billion, 9.2billion shares​ outstanding, and a market price of $ 28.47per share. GE also had cash of $ 102.7​billion, and total debt of $ 196.4billion. a. What was​ GE's market​ capitalization? What was​ GE's market-to-book​ ratio? b. What was​ GE's book​ debt-equity ratio? What was​ GE's market​ debt-equity ratio? c. What was​ GE's enterprise​ value?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT