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FIN515 Week 2 Assignment
$ 15.00

 

                A.  Current ratio = 51.94/33.06 = 1.57 

                (current assets/current liabilities)

 

                B.  Quick ratio = (27.65+14.3)/33.06 = 1.27

                ((cash+short term inv.+accts rec.)/current liabilities)

 

                C.  Cash ratio = 27.65/33.06 = 0.84 

                (cash)/current liabilities)

 

D.  Apple’s assets are more liquid then Dell’s because the current, quick, and cash ratio’s of                       Apple are all higher.

 

2.31

 

  1.  Accts receivable days decreased by 28 days.
  2. Inventory days decreased by 21 days
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