Apple Inc. provided the following balances as of September 30, 2023:

• Cash: $5,000,000
• Marketable Securities: $8,000,000
• Accounts Receivable: $6,500,000
• Inventory: $4,200,000
• Accounts Payable: $3,000,000
• Accrued Liabilities: $2,500,000
• Common Stock: $10,000,000
• Retained Earnings: $2,000,000

Requirements:

1. Prepare a Balance Sheet for Apple Inc. as of September 30, 2023.
2. Calculate the Current Ratio.
3. Determine the Quick Ratio.
4. Analyze Apple's short-term financial health.
5. Discuss the implications of Apple's current asset management.