In December 2015, Apple had cash of $ 38.07 billion, current assets of $ 76.22 billion, and current liabilities of $76.09 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?