Answer:
In January 2016, Hewlett-Packard had a quick ratio of 0.66 and a current ratio of 0.90. The statement about the asset liquidity of Apple relative to Hewlett-Packard is as follow:
- Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard.
- This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard.
