Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company: Facebook, Inc. (Meta Platforms, Inc.) Item Amount (in millions) Cash and Cash Equivalents $16,000 Accounts Receivable $11,000 Inventory $0 Total Current Assets $45,000 Property,

Company: Facebook, Inc. (Meta Platforms, Inc.)

Item

Amount (in millions)

Cash and Cash Equivalents

$16,000

Accounts Receivable

$11,000

Inventory

$0

Total Current Assets

$45,000

Property, Plant, Equipment

$39,000

Total Assets

$160,000

Accounts Payable

$5,500

Short-term Debt

$2,000

Total Current Liabilities

$10,000

Long-term Debt

$11,000

Total Liabilities

$35,000

Total Equity

$125,000

Questions:

  1. Calculate Facebook's current ratio.
  2. Determine Facebook's quick ratio (acid-test ratio).
  3. What is Facebook’s debt to equity ratio?
  4. Compute the working capital of Facebook.
  5. If Facebook had net sales of $117,929 million and cost of goods sold of $46,025 million, what is the inventory turnover ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Accounting

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

978-0077300456, 0077300459

More Books

Students also viewed these Accounting questions