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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
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 calculate the adjusted balance for several of the balance-sheet accounts. 2. Calculate Anderson Production Company's net working capital, current ratio, and debt ratio at December 31. A year ago, net working capital was $7,080, the current ratio was 1.86 , and the debt ratio was 0.46 . Indicate whether the company's ability tc pay its debtsboth current and total-improved or deteriorated during the current year. Requirement 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 calculate the adjusted balance for several of the balance-sheet accounts. Let's prepare the balance sheet for Anderson Production Company. (If an input field is not used in the balance sheet leave the field empty; do not select a label or enter a zero.) Data table
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