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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 28
Key figures for the recent two years of both Apple and Google follow.
Required
1. Compute the current ratio for both years for both companies.
2. Which company has the better ability to pay short-term obligations according to the current ratio
3. Analyze and comment on each company's current ratios for the past two years.
4. How do Apple's and Google's current ratios compare to their industry (assumed) average ratio of 2.0
Required
1. Compute the current ratio for both years for both companies.
2. Which company has the better ability to pay short-term obligations according to the current ratio
3. Analyze and comment on each company's current ratios for the past two years.
4. How do Apple's and Google's current ratios compare to their industry (assumed) average ratio of 2.0
Explanation
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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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