IBM Corporation Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$60,000,000Accounts Receivable$35,000,000Inventory$30,000,000Net Sales$300,000,000Operating Expenses$170,000,000Requirements:Calculate...
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Accounting
IBM Corporation
Data for the year ended December 31, 2023:
Item | Amount |
Cash and Cash Equivalents | $60,000,000 |
Accounts Receivable | $35,000,000 |
Inventory | $30,000,000 |
Net Sales | $300,000,000 |
Operating Expenses | $170,000,000 |
Requirements:
- Calculate IBM's quick ratio.
- Determine IBM's inventory turnover ratio.
- Analyze the impact of accounts receivable on IBM's working capital.
- Discuss how IBM recognizes revenue from technology services.
- Evaluate IBM's liquidity using the current ratio.
- Assess the importance of the Income Measurement Objective in IBM’s financial analysis and strategic planning.
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