Facebook, Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Cash and Cash Equivalents	$50,000,000
Accounts Receivable	$30,000,000
Inventory	$20,000,000
Total Current Liabilities	$25,000,000
Net Sales	$200,000,000

1. Calculate Facebook's quick ratio.
2. Determine the average collection period for accounts receivable.
3. Analyze the impact of inventory on Facebook's liquidity.
4. Discuss the recognition of cash equivalents in Facebook's balance sheet.
5. Evaluate Facebook's working capital management.