Refer back to Problem.

Requirements
1. Use the Spa View data in Problem 3-75A to prepare the company€™s classified balance sheet at March 31, 2010. Show captions for total assets, total liabilities, and total liabilities and stockholders equity.
2. Compute Spa Views current ratio and debt ratio at March 31, 2010, rounding to two decimal places. At March 31, 2009, the current ratio was 1.25 and the debt ratio was 0.20. Did Spa Views ability to pay both current and total debts improve or deteriorate during 2010? Evaluate Spa Views debt position as strong or weak and give yourreason.

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Accounts payable Accounts receivable Accumulated depreciation $14,400 Interest expense … $ 900 16,100 Note payable, long term 6,100 6,900 Prepaid expenses 6,000 equipment Advertising ex .. 10,900 Retained earnings, 7,900 5,600 Salary expen 17,800 2,900 95,000 3,600 4,400 41,700 Unearned service revenue... 2,700 Common stock Current portion of note Salary payable 1,000 Service revenue … 1,700 Supplies paya Depreciation expense.. Dividends Equipmen