Required information M2-22 Preparing a Classified Balance Sheet [LO 2-4, LO 2-5 (The following information applies to the questions displayed below.) The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software $ 1,530 430 3.750 13,000 3,450 430 180 1,550 1,750 3,900 11,800 7,600 3,000 M2-22 Part 3 3-a. Determine the current ratio. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) Current Ratio Denominator 3-b. Were the current assets sufficient to cover the current liabilities at September 30, 2016? Yes No