Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017: $6,690 Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation buildings Automobiles Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash $18,555 24,310 20,800 41,650 104,000 174,000 208,250 138,000 13,230 Income taxes payable Interest payable Inventory Land Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value Patents 1,515 45,335 261,000 79,590 10,000 2,295 53,000 37,000 1,480 308,425 3,855 Prepaid rent Retained earnings Salaries and wages payable Required: 1. Prepare in good form a classified balance sheet as of December 31, 2017 Ruth Corporation Balance Sheet December 31, 2017 Assets Current assets IC 1. Prepare in good form a classified balance sheet as of December 31, 2017. Ruth Corporation Balance Sheet December 31, 2017 Assets Current assets: Q0000 Total current assets Property, plant, and equipment: QIDI Total property, plant, and equipment Intangible assets: Total property, plant, and equipment Intangible assets: Total assets Uabilities Current liabilities: Q100 DOO Total current liabilities Long-term debt: Total Habilities Contributed capital Stockholders' sulty Total contributed capital Total stockholders' equity Total current liabilities Long-term debt: Total liabilities Stockholders' Equity Contributed capital: Total contributed capital Total stockholders' equity Total liabilities and stockholders' equity 2. Compute Ruth's current ratio. Round your answer to two decimal places. to 1 3. On the basis of your answer to (2), does Ruth appear to be liquid