Solution-Determine the quick ratio for both companies

Determine the quick ratio for both companies

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Reference no: EM13533259

The current assets and current liabilities for Apple Computer, Inc., and Dell Inc. are shown as follows at the end of a recent fiscal period:

	Apple Computer, Inc.	Dell Inc.
	(in millions)	(in millions)
	Sept. 26, 2009	Jan. 29, 2010
Current assets:
Cash and cash equivalents	$ 5,263	$10,635
Short-term investments	18,201	373
Accounts receivable	4,496	8,543
Inventories	455	1,051
Other current assets*	3,140	3,643
Total current assets	$31,555	$24,245
Current liabilities:
Accounts payable	$ 9,453	$15,257
Accrued and other current liabilities	2,053	3,703
Total current liabilities	$11,506	$18,960

*These represent prepaid expense and other nonquick current assets.

a. Determine the quick ratio for both companies.

b. Interpret the quick ratio difference between the two companies.

Reference no: EM13533259

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Determine the quick ratio for both companies

Reference no: EM13533259

Reference no: EM13533259

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