Question
Ethan Allen Interiors, Inc. Trial Balance At September 30, 2011 (in thousands of dollars) Debit Credit Cash and cash equivalents $ 75,359 Short-term investments 15,889
Ethan Allen Interiors, Inc. Trial Balance At September 30, 2011 (in thousands of dollars)
| ||
| Debit | Credit |
Cash and cash equivalents | $ 75,359 |
|
Short-term investments | 15,889 |
|
Accounts receivable | 15,036 |
|
Inventories | 141,692 |
|
Prepaid expenses and other current assets | 20,372 |
|
Property, plant, and equipment | 302,063 |
|
Intangibles | 48,528 |
|
Other assets | 19,506 |
|
Accounts payable |
| $ 26,958 |
Accrued expenses payable |
| 127,639 |
Long-term debt (current portion, $19) |
| 174,432 |
Other long-term liabilities |
| 27,009 |
Common stock |
| 500 |
Additional paid-in capital |
| 360,732 |
Retained earnings |
| 501,608 |
Other stockholders equity items | 580,433 |
|
Totals | $1,218,878 | $1,218,878 |
Required:
Prepare a classified balance sheet
Calculate current ratio
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