Company: Ford Motor Company

Item	Amount (in millions)
Cash and Cash Equivalents	$20,300
Accounts Receivable	$15,700
Inventory	$21,000
Total Current Assets	$65,000
Property, Plant, Equipment	$45,000
Total Assets	$150,000
Accounts Payable	$25,000
Short-term Debt	$8,000
Total Current Liabilities	$50,000
Long-term Debt	$45,000
Total Liabilities	$95,000
Total Equity	$55,000

Questions:

1. Calculate Ford's current ratio.
2. Determine Ford's quick ratio (acid-test ratio).
3. What is Ford’s debt to equity ratio?
4. Compute the working capital of Ford.
5. If Ford had net sales of $160,000 million and cost of goods sold of $120,000 million, what is the inventory turnover ratio?