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

Item	Amount
Cash and Cash Equivalents	$40,000,000
Accounts Payable	$20,000,000
Inventory	$25,000,000
Net Sales	$300,000,000
Operating Expenses	$180,000,000

1. Calculate Johnson & Johnson's current ratio.
2. Determine Johnson & Johnson's inventory turnover ratio.
3. Analyze the impact of accounts payable on Johnson & Johnson's working capital.
4. Discuss how Johnson & Johnson recognizes revenue from pharmaceutical sales.
5. Evaluate Johnson & Johnson's liquidity using the quick ratio.
6. Explain the relationship between Johnson & Johnson's cash equivalents and its cash flow.