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IBM Corporation Data for the year ended December 31, 2023:ItemAmountCash and Cash Equivalents$50,000,000Accounts Receivable$30,000,000Inventory$20,000,000Net Sales$250,000,000Operating Expenses$150,000,000Requirements:Calculate...

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Accounting

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

Item

Amount

Cash and Cash Equivalents

$50,000,000

Accounts Receivable

$30,000,000

Inventory

$20,000,000

Net Sales

$250,000,000

Operating Expenses

$150,000,000

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 and consulting 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.

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