IBM Corporation
 Data for the year ended December 31, 2023:

Item	Amount
Cash and Cash Equivalents	$60,000,000
Accounts Receivable	$35,000,000
Inventory	$30,000,000
Net Sales	$300,000,000
Operating Expenses	$170,000,000

Requirements:

1. Calculate IBM's quick ratio.
2. Determine IBM's inventory turnover ratio.
3. Analyze the impact of accounts receivable on IBM's working capital.
4. Discuss how IBM recognizes revenue from technology services.
5. Evaluate IBM's liquidity using the current ratio.
6. Assess the importance of the Income Measurement Objective in IBM’s financial analysis and strategic planning.