Company: IBM CorporationItemAmount (in millions)Cash and Cash Equivalents$12,800Accounts Receivable$8,500Inventory$5,600Total Current Assets$32,900Property, Plant, Equipment$18,200Total Assets$120,500Accounts Payable$9,400Short-term...
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Accounting
Company: IBM Corporation
Item | Amount (in millions) |
Cash and Cash Equivalents | $12,800 |
Accounts Receivable | $8,500 |
Inventory | $5,600 |
Total Current Assets | $32,900 |
Property, Plant, Equipment | $18,200 |
Total Assets | $120,500 |
Accounts Payable | $9,400 |
Short-term Debt | $6,300 |
Total Current Liabilities | $26,200 |
Long-term Debt | $40,700 |
Total Liabilities | $86,900 |
Total Equity | $33,600 |
Questions:
- Calculate IBM's current ratio.
- Determine IBM's quick ratio (acid-test ratio).
- What is IBM’s debt to equity ratio?
- Compute the working capital of IBM.
- If IBM had net sales of $77,200 million and cost of goods sold of $38,600 million, what is the inventory turnover ratio?
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