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  3. jpmorgan chase & co. provided the following fi

JPMorgan Chase & Co. provided the following financial data for the year ending December 31,...

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Question

Accounting

JPMorgan Chase & Co. provided the following financial data for the year ending December 31, 2023: Total Assets of $3,743,000 million, including Cash and Cash Equivalents of $1,200,000 million and Accounts Receivable of $85,000 million. The company’s Total Liabilities were $3,100,000 million, and Total Equity was $643,000 million. JPMorgan’s total current liabilities were $45,000 million, including Short-term Debt of $20,000 million and Accounts Payable of $15,000 million.

Questions:

  1. Calculate JPMorgan Chase’s current ratio.
  2. Determine JPMorgan Chase’s quick ratio (acid-test ratio).
  3. What is JPMorgan Chase’s debt to equity ratio?
  4. Compute the working capital of JPMorgan Chase.
  5. If JPMorgan Chase had net sales of $130,000 million and cost of goods sold of $70,000 million, what is the inventory turnover ratio?

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