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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:

  1. Prepare a Balance Sheet for Facebook (Meta Platforms Inc.) as of March 31, 2023.
  2. Calculate the Current Ratio.
  3. Determine the Quick Ratio.
  4. Analyze Facebook's liquidity and financial flexibility.
  5. Discuss any potential financial risks based on the Balance Sheet.

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