Which company has the better ability to pay short-term, Accounting Basics

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Which company has the better ability to pay short-term

Question: Key figures for the recent two years of Research In Motion and Apple follow.

Required: 1. Compute the current ratio for both years for both companies.

2. Which company has the better ability to pay short-term obligations according to the current ratio?

3. Analyze and comment on each company's current ratios for the past two years.

4. How do RIM's and Apple's current ratios compare to their industry (assumed) average ratio of 2.4?

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