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HP Inc. provided the following balances as of September 30, 2023: Accounts Amount ($) Cash 5,000,000 Accounts Receivable 9,000,000 Inventory 6,000,000 Accounts Payable 4,000,000 Salaries

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

Accounts

Amount ($)

Cash

5,000,000

Accounts Receivable

9,000,000

Inventory

6,000,000

Accounts Payable

4,000,000

Salaries Payable

1,800,000

Common Stock

25,000,000

Retained Earnings

3,000,000

Requirements:

  1. Prepare a Balance Sheet as of September 30, 2023.
  2. Calculate the Current Ratio.
  3. Determine the Working Capital.
  4. Analyze the liquidity position.
  5. Identify potential financial issues based on the Balance Sheet.

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