Microsoft Corporation Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$80,000,000Accounts Receivable$50,000,000Inventory$40,000,000Net Sales$800,000,000Operating Expenses$500,000,000Requirements:Calculate...
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Accounting
Microsoft Corporation
Data for the year ended December 31, 2023:
Item | Amount |
Cash and Cash Equivalents | $80,000,000 |
Accounts Receivable | $50,000,000 |
Inventory | $40,000,000 |
Net Sales | $800,000,000 |
Operating Expenses | $500,000,000 |
Requirements:
- Calculate Microsoft's quick ratio.
- Determine Microsoft's inventory turnover ratio.
- Analyze the impact of accounts receivable on Microsoft's working capital.
- Discuss how Microsoft recognizes revenue from software sales.
- Evaluate Microsoft's liquidity using the current ratio.
- Assess the importance of the Income Measurement Objective in Microsoft’s financial analysis and reporting.
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