The accounts below, in alphabetical order, are adapted from Le Chateau inc.'s recent statement of financial position (amounts in thousands of dollars):

Required

1. Prepare, in good form, a classified statement of financial position (with two years reported) for Le Chateau me. Assume a fiscal year-end of January 31.2. Compute the company's current ratio for the current year. Ho,v would you interpret this ratio for Le Chateau?

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Current Year Current Year Prior Year Prior Year Inventories $113,590 $115,357 Accounts payable and accrued liabilities Accounts receivable Cash $17,865 $16,133 1,180 2,025 Long-term debt 1,195 Other non-current liabilities 52,406 Prepaid expenses and other current assets 3,452 Property and equipment, net 61,132 39,510 10,966 12,827 Contributed capital 56,522 1,954 1,698 Deferred revenue Intangible assets 3,216 48,332 58,091 39,577 2,961 Retained earnings 3,434 3,832 14,957 Short-term debt 17,422