Sony Corporation Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$30,000,000Accounts Payable$15,000,000Inventory$20,000,000Net Sales$220,000,000Operating Expenses$130,000,000Requirements:Calculate...
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Accounting
Sony Corporation
Data for the year ended December 31, 2023:
Item | Amount |
Cash and Cash Equivalents | $30,000,000 |
Accounts Payable | $15,000,000 |
Inventory | $20,000,000 |
Net Sales | $220,000,000 |
Operating Expenses | $130,000,000 |
Requirements:
- Calculate Sony's current ratio.
- Determine Sony's inventory turnover ratio.
- Analyze the impact of accounts payable on Sony's working capital.
- Discuss how Sony recognizes revenue from electronics sales.
- Evaluate Sony's liquidity using the quick ratio.
- Explain the role of the Income Measurement Objective in Sony’s financial stability and performance evaluation.
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