102,3 NATIO 571,470 Classified Balance Sheet P8. The information that follows is from Rodriguez's Tools Company's April 30, 2014, post-closing trial balance. (Continued) Chapter 5: Foundations of Financial Reporting and the Classified Balance Sheet Account Name Cash Debit Credit 31,000 Short-Term Investments 43,500 Accounts Receivable 239,000 Merchandise Inventory 113,000 Notes Receivable 10,000 Interest Payable 930 Sales Supplies Office Supplies 1,280 540 Deposit for Future Advertising 3,120 Long-Term Notes Payable 99,000 Land 34,700 Delivery Equipment 42,230 Accumulated Depreciation-Delivery Equipment 28,400 Building, Not in Use 72,100 Accounts Payable 129,600 Salaries Payable 4,600 Prepaid Rent Prepaid Insurance C. Rodriguez, Capital Trademark 1,800 3,600 337340 4,000 REQUIRED 1. Prepare a classified balance sheet for Rodriguez's Tools. 2. BUSINESS APPLICATION Compute Rodriguez's Tools' 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?