Company: Alphabet Inc. (Google) Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$60,000,000Accounts Payable$30,000,000Inventory$35,000,000Net Sales$400,000,000Operating...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Company: Alphabet Inc. (Google)
Data for the year ended December 31, 2023:
Item | Amount |
Cash and Cash Equivalents | $60,000,000 |
Accounts Payable | $30,000,000 |
Inventory | $35,000,000 |
Net Sales | $400,000,000 |
Operating Expenses | $200,000,000 |
Requirements:
- Calculate Google's current ratio.
- Determine Google's inventory turnover ratio.
- Analyze the impact of accounts payable on Google's working capital.
- Discuss how Google recognizes revenue from advertising sales.
- Evaluate Google's liquidity using the quick ratio.
- Explain the relevance of the Income Measurement Objective in Google's revenue recognition and inventory management.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.