Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NVIDIA Corporation reported the following financial data as of January 31, 2023: Accounts Amount ($) Cash 7,200,000 Marketable Securities 9,500,000 Accounts Receivable 5,800,000 Inventory 3,700,000

NVIDIA Corporation reported the following financial data as of January 31, 2023:

Accounts

Amount ($)

Cash

7,200,000

Marketable Securities

9,500,000

Accounts Receivable

5,800,000

Inventory

3,700,000

Accounts Payable

2,900,000

Accrued Liabilities

1,900,000

Common Stock

20,000,000

Retained Earnings

6,400,000

Requirements:

  1. Prepare a Balance Sheet for NVIDIA Corporation as of January 31, 2023.
  2. Calculate the Current Ratio.
  3. Determine the Quick Ratio.
  4. Analyze NVIDIA's liquidity position.
  5. Discuss any potential liquidity risks NVIDIA might face.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting And Analysis Using Financial Accounting Information

Authors: Charles H Gibson

12th Edition

1439080607, 978-1439080603

More Books

Students also viewed these Accounting questions