Microsoft Corporation has the following financial data as of June 30, 2023:

• Cash: $10,500,000
• Accounts Receivable: $8,000,000
• Inventory: $6,000,000
• Property, Plant, and Equipment: $20,000,000
• Accounts Payable: $4,500,000
• Short-term Loans: $3,000,000
• Long-term Debt: $10,000,000
• Common Stock: $25,000,000
• Retained Earnings: $5,000,000

Requirements:

1. Prepare a classified Balance Sheet as of June 30, 2023.
2. Calculate the Debt to Equity Ratio.
3. Determine the Total Assets.
4. Assess Microsoft's financial leverage.
5. Evaluate the impact of a 10% increase in inventory on the current ratio.