Use the 2018 - 2019 annual report of Microsoft to answer the following question:

1. Balance Sheet:

1. Which form did your company use to present its Balance Sheet? Explain
2. What percentage are inventories to total current assets? Do you think this percentage represent the importance of inventories to the companys operations?
3. Find the note about inventories in the notes to the financial statements. What method(s) are used to value inventories? Explain
4. Find the note about cash and cash equivalent in the notes to the financial statements. What is included in this item? If no note about it, explain briefly what might be included here.
5. Find the note about property, plant, and equipment; briefly explain what is meant by this term, identifying at least three items included in this category. Support your answer by suitable figures from your company annual report. What depreciation method does the company use?
6. What items are included in the intangible assets (if any)? If no details available, what might be included here? Why intangible assets are reported as assets?