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
D. Apple’s assets are more liquid then Dell’s because the current, quick, and cash ratio’s of Apple are all higher.
- Accts receivable days decreased by 28 days.
- Inventory days decreased by 21 days