A Trial Balance Warfield Production Company Unadjusted Trial Account Balance Adjustments Cash 15,420 Prepaid rent 1,500 Equipment 41,000 Accumulated depreciation -equipment 3,100 Accounts payable 4,000 Salary payable Unearned service revenue 9,300 Income tax payable Notes payable, long-term 16.000 Common stock 8.600 Retained earnings 10 920 Dividends 1,500 13,500 19,500 Service revenue Salary expense Rent expense 4,600 5.400 1,600 1,400 i Data Table Account Balance Adjustments Trial Balance 15,420 1,500 41,000 3,100 4,000 Cash Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Salary payable Uneamed service revenue Income tax payable Notes payable, long-term Common stock Retained earnings Dividends 9,300 16,000 8,600 10.920 1,500 Service revenue 13,500 19,500 4,600 Salary expense Rent expense Depreciation Expense -equipment 5,400 1,600 1,400 300 1,000 Income tax pynonse Warfield Production Company Balance Sheet December 31 Assets 7.100 Less Prepaid rent Choose from anu lietot Liabilities Salary payable 900 Total liabilities Shareholders' Equity Requirement 2. Calculate Warfield Production Company's not working capital, current ratio, and debt ratio at December 31. A year ago, net working capital was $6,920, the current ratio was 1.81, and the debt ratio was 0.58. Indicate whether the company's ability to pay its debts-both current and total-improved or deteriorated during the current year. (Round your answers to two decimal places) The net working capital is 5 The current ratio is The debt ratio is The ability to pay current liabilities with current assets has remained the same The overall ability to pay total liabilities has improved Choose from any list or enter any number in the input felds and then continue to the next