Johnson & Johnson
 Data for the year ended December 31, 2023:

Item	Amount
Cash and Cash Equivalents	$20,000,000
Accounts Receivable	$15,000,000
Inventory	$10,000,000
Total Current Liabilities	$12,000,000
Net Sales	$150,000,000

1. Calculate Johnson & Johnson's quick ratio.
2. Determine the average collection period for accounts receivable.
3. Discuss the impact of inventory on Johnson & Johnson's liquidity.
4. Explain how Johnson & Johnson recognizes revenue from pharmaceutical sales.
5. Evaluate Johnson & Johnson's working capital management.