From looking at Apple Inc’s balance sheet in Figure 2.2, an investor k

QUESTION

From looking at Apple Inc’s balance sheet in Figure 2.2, an investor knows that Apple would not be forced to sell fixed assets to cover its debts because ________ are more than enough to pay off all its liabilities.

a. property, plant, and equipment
b. current assets
c. intangible assets
d. common stock

ANSWER

b