Refer to Exercise 3-30A.

Requirements
1. 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.

Transcribed Image Text:

Anderson Production Company Unadjusted Trial Balance 14,100 From the Adjusted Trial Balance Account 4 Accumulated depreciation Unearned service revenue Notes payable, long-term 1,400 19,500 4,300 1,300 1 4,600 1,600 Depreciation expense 63.900 63,900 19,500