Find the current and quick ratios

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Reference no: EM1348938

In 2007, Apple had cash of $7.12 billion, current assets of $18.75 billion, current liabilities of $6.99 billion, and inventories of 0.25 billion.

a. What was Apple's current ratios?
b. What was Apple's quick ratios?
c. In July 2007, Dell had a quick ratio of 1.25 and a current ratio of 1.30. What can you say about the asset liquidity of Apple relative to Dell?

Reference no: EM1348938

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