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Cisco Systems Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$35,000,000Accounts Receivable$20,000,000Inventory$25,000,000Net Sales$200,000,000Operating Expenses$120,000,000Requirements:Calculate...

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Accounting

Cisco Systems
 Data for the year ended December 31, 2023:

Item

Amount

Cash and Cash Equivalents

$35,000,000

Accounts Receivable

$20,000,000

Inventory

$25,000,000

Net Sales

$200,000,000

Operating Expenses

$120,000,000

Requirements:

  1. Calculate Cisco's quick ratio.
  2. Determine Cisco's inventory turnover ratio.
  3. Analyze the impact of accounts receivable on Cisco's working capital.
  4. Discuss how Cisco recognizes revenue from networking equipment sales.
  5. Evaluate Cisco's liquidity using the current ratio.
  6. Assess the role of the Income Measurement Objective in Cisco’s financial stability and performance metrics.

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