Company: Pfizer Inc.ItemAmount (in millions)Cash and Cash Equivalents$22,000Accounts Receivable$15,000Inventory$7,500Total Current Assets$55,000Property, Plant, Equipment$40,000Total Assets$120,000Accounts Payable$8,000Short-term...

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Question

Accounting

Company: Pfizer Inc.

Item

Amount (in millions)

Cash and Cash Equivalents

$22,000

Accounts Receivable

$15,000

Inventory

$7,500

Total Current Assets

$55,000

Property, Plant, Equipment

$40,000

Total Assets

$120,000

Accounts Payable

$8,000

Short-term Debt

$3,000

Total Current Liabilities

$15,000

Long-term Debt

$20,000

Total Liabilities

$50,000

Total Equity

$70,000

Questions:

  1. Calculate Pfizer's current ratio.
  2. Determine Pfizer's quick ratio (acid-test ratio).
  3. What is Pfizer’s debt to equity ratio?
  4. Compute the working capital of Pfizer.
  5. If Pfizer had net sales of $92,000 million and cost of goods sold of $40,000 million, what is the inventory turnover ratio?

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