Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
4th Edition
ISBN: 9780134083278
Author: Jonathan Berk, Peter DeMarzo
Publisher: PEARSON
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Question
Chapter 2, Problem 30P
a)
Summary Introduction
To determine: A Company’s current ratio.
Introduction:
Current ratio is refers to the total current assets relative to its total current liabilities of a company.
b)
Summary Introduction
To determine: Quick ratio.
Introduction:
Quick ratio is also known as acid test ratio. It measures how a company meets its short-term liabilities.
c)
Summary Introduction
To determine: Cash ratio.
Introduction:
Cash ratio is a company’s total cash and cash equivalents with its current liabilities.
d)
Summary Introduction
To determine: The asset liquidity of A Company with that of H Company.
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In December 2018, Apple had cash of $86.77 billion, current assets of $140.69 billion, and current liabilities of $108.31 billion. It also had inventories of $4.99 billion.
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a. What was Apple's current ratio?
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Part 2
b. What was Apple's quick ratio?
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Chapter 2 Solutions
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
Ch. 2.1 - Prob. 1CCCh. 2.1 - Prob. 2CCCh. 2.2 - Prob. 1CCCh. 2.2 - Prob. 2CCCh. 2.2 - Prob. 3CCCh. 2.3 - What it is the difference between a firms gross...Ch. 2.3 - What is the diluted earnings per share?Ch. 2.4 - Prob. 1CCCh. 2.4 - Prob. 2CCCh. 2.5 - Prob. 1CC
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