Classified Balance Sheet p6. The information that follows is from Matt’s Hardware Company’s April… 1 answer below »

Classified Balance Sheet

p6. The information that follows is from Matt’s Hardware Company’s April 30, 2014, post-closing trial balance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ReqUIReD

1.    Prepare a classified balance sheet for Matt’s Hardware.

2.    Business appliCation ▶ Compute Matt’s Hardware’s current ratio and debt to equity ratio. (Round to one decimal place.)

3.    Business appliCation ▶ As a user of the classified balance sheet, why would you want to know the current ratio or the debt to equity ratio?

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