Company: Toyota Motor CorporationItemAmount (in millions)Cash and Cash Equivalents$40,200Accounts Receivable$18,600Inventory$19,800Total Current Assets$95,200Property, Plant, Equipment$85,000Total Assets$275,000Accounts...
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Accounting
Company: Toyota Motor Corporation
Item | Amount (in millions) |
Cash and Cash Equivalents | $40,200 |
Accounts Receivable | $18,600 |
Inventory | $19,800 |
Total Current Assets | $95,200 |
Property, Plant, Equipment | $85,000 |
Total Assets | $275,000 |
Accounts Payable | $40,000 |
Short-term Debt | $10,000 |
Total Current Liabilities | $80,000 |
Long-term Debt | $45,000 |
Total Liabilities | $135,000 |
Total Equity | $140,000 |
Questions:
- Calculate Toyota's current ratio.
- Determine Toyota's quick ratio (acid-test ratio).
- What is Toyota’s debt to equity ratio?
- Compute the working capital of Toyota.
- If Toyota had net sales of $240,000 million and cost of goods sold of $160,000 million, what is the inventory turnover ratio?
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