Company: Facebook, Inc. (Meta Platforms, Inc.)ItemAmount (in millions)Cash and Cash Equivalents$16,000Accounts Receivable$11,000Inventory$0Total Current Assets$45,000Property, Plant,...

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Question

Accounting

Company: Facebook, Inc. (Meta Platforms, Inc.)

Item

Amount (in millions)

Cash and Cash Equivalents

$16,000

Accounts Receivable

$11,000

Inventory

$0

Total Current Assets

$45,000

Property, Plant, Equipment

$39,000

Total Assets

$160,000

Accounts Payable

$5,500

Short-term Debt

$2,000

Total Current Liabilities

$10,000

Long-term Debt

$11,000

Total Liabilities

$35,000

Total Equity

$125,000

Questions:

  1. Calculate Facebook's current ratio.
  2. Determine Facebook's quick ratio (acid-test ratio).
  3. What is Facebook’s debt to equity ratio?
  4. Compute the working capital of Facebook.
  5. If Facebook had net sales of $117,929 million and cost of goods sold of $46,025 million, what is the inventory turnover ratio?

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