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6. Shown below are some financial figures for SMA Consultants, owned by S. Magbool. Cash, $6000; Accounts Payable, $35 000; Accounts Receivable, $14 000; Mort-

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6. Shown below are some financial figures for SMA Consultants, owned by S. Magbool. Cash, $6000; Accounts Payable, $35 000; Accounts Receivable, $14 000; Mort- gage Payable, $160 000; Land, $240 000; Buildings, $195 000; Equipment, $25 000. A. Prepare a classified balance sheet (Current Assets, Current Lia- bilities, etc.) dated September 30, 20- B. On the basis of the limited information given, would you say that Magbool's business has any kind of financial problem? Explain

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