Procter & Gamble Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$90,000,000Accounts Receivable$60,000,000Inventory$50,000,000Net Sales$400,000,000Operating...
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Accounting
Procter & Gamble
Data for the year ended December 31, 2023:
Item | Amount |
Cash and Cash Equivalents | $90,000,000 |
Accounts Receivable | $60,000,000 |
Inventory | $50,000,000 |
Net Sales | $400,000,000 |
Operating Expenses | $250,000,000 |
Requirements:
- Calculate Procter & Gamble's quick ratio.
- Determine Procter & Gamble's inventory turnover ratio.
- Analyze the impact of accounts receivable on Procter & Gamble's working capital.
- Discuss how Procter & Gamble recognizes revenue from consumer products.
- Evaluate Procter & Gamble's liquidity using the current ratio.
- Assess the importance of the Income Measurement Objective in Procter & Gamble’s financial stability and reporting.
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