Company: Facebook, Inc. (Meta Platforms, Inc.)ItemAmount (in millions)Cash and Cash Equivalents$58,100Accounts Receivable$11,500Inventory$1,200Total Current Assets$82,300Property, Plant,...

60.1K

Verified Solution

Question

Accounting

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

Item

Amount (in millions)

Cash and Cash Equivalents

$58,100

Accounts Receivable

$11,500

Inventory

$1,200

Total Current Assets

$82,300

Property, Plant, Equipment

$44,000

Total Assets

$138,300

Accounts Payable

$14,300

Short-term Debt

$3,700

Total Current Liabilities

$25,000

Long-term Debt

$12,000

Total Liabilities

$47,500

Total Equity

$90,800

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.
If Facebook had net sales of $86,000 million and cost of goods sold of $31,000 million, what is the inventory turnover ratio?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students