Research the internet looking for Microsoft and review their recent Financial Statements to discuss:

1A. What were the cash and cash equivalents reported? What does the company classify as cash equivalents?

1B. What were the accounts receivable (net)?

1C. Assuming that all net operating revenues or net sales were net credit sales, compute the receivables turnover ratio and compute the days outstanding for receivables.

1D. Is it possible to have too many liquid assets?