Company: JPMorgan Chase & Co.

Item	Amount (in millions)
Cash and Cash Equivalents	$1,200,000
Accounts Receivable	$85,000
Inventory	$0
Total Current Assets	$1,325,000
Property, Plant, Equipment	$70,000
Total Assets	$3,743,000
Accounts Payable	$15,000
Short-term Debt	$20,000
Total Current Liabilities	$45,000
Long-term Debt	$300,000
Total Liabilities	$3,100,000
Total Equity	$643,000

Questions:

1. Calculate JPMorgan Chase's current ratio.
2. Determine JPMorgan Chase's quick ratio (acid-test ratio).
3. What is JPMorgan Chase’s debt to equity ratio?
4. Compute the working capital of JPMorgan Chase.

If JPMorgan Chase had net sales of $130,000 million and cost of goods sold of $70,000 million, what is the inventory turnover ratio?