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Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2023, balance sheet. 2.
\"Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2023, balance sheet. 2. Prepare a classified balance sheet. Assume that \\( \\$ 216,000 \\) of the Long-Term Notes Payable will be pald during the year ended March 31, 2024. Also, \\( \\$ 56,000 \\) of the notes receivable will be collected by March 31, 2024. 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.)
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