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