Refer to Exercise 3-30A.Requirements1. Use the data in the partial worksheet to prepare Anderson Production Company’s classified balance sheet at December 31 of the current year. Use the report format. First you must compute the adjusted balance for several of the balance-sheet accounts.2. Compute Anderson Production Company’s net working capital, current ratio, and debt ratio at December 31. A year ago, net working capital was $5,000, the current ratio was 1.55, and the debt ratio was 0.30. Indicate whether the company’s ability to pay its debts—both current and total—improved or deteriorated during the currentyear.
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Refer to Exercise 3 30A Requirements 1 Use the