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Facebook (Meta Platforms Inc.) has the following account balances as of March 31, 2023: Account Amount ($) Cash 8,500,000 Marketable Securities 12,000,000 Accounts Receivable 9,700,000
Facebook (Meta Platforms Inc.) has the following account balances as of March 31, 2023:
Account | Amount ($) |
Cash | 8,500,000 |
Marketable Securities | 12,000,000 |
Accounts Receivable | 9,700,000 |
Inventory | 3,000,000 |
Accounts Payable | 4,000,000 |
Accrued Liabilities | 2,700,000 |
Common Stock | 18,000,000 |
Retained Earnings | 5,300,000 |
Requirements:
- Prepare a Balance Sheet for Facebook (Meta Platforms Inc.) as of March 31, 2023.
- Calculate the Current Ratio.
- Determine the Quick Ratio.
- Analyze Facebook's liquidity and financial flexibility.
- Discuss any potential financial risks based on the Balance Sheet.
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