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Examine the balance sheet data of Cisco Systems, Inc. as of December 31, 2023, presented in the table below. Answer the following questions: Metric Value
Examine the balance sheet data of Cisco Systems, Inc. as of December 31, 2023, presented in the table below. Answer the following questions:
Metric | Value (in millions) |
Current Assets | $25,000 |
Current Liabilities | $10,000 |
Total Assets | $80,000 |
Total Liabilities | |
Shareholders' Equity | $40,000 |
Requirements:
- Calculate the Total Liabilities for Cisco Systems, Inc.
- Determine the Debt-to-Asset ratio.
- Compute the Current Ratio for Cisco Systems, Inc.
- Analyze the financial position of Cisco Systems, Inc. based on the Current Ratio.
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