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help with preparing rhe balance sheet please! Grittith Corporation Balance Sheet October 31, 2021 Assets Liabilities Stockholders' Equity Less: The adjusted trial balance for the
help with preparing rhe balance sheet please! Grittith Corporation Balance Sheet October 31, 2021 Assets Liabilities Stockholders' Equity Less: The adjusted trial balance for the year of Griffith Corporation at October 31, 2021, follows (Click the icon to view the adjusted trial balance.) Read the requirements Requirements 1. Prepare Griffith Corporation's 2021 single-step income statement. statement of retained earnings, and balance sheet 2. Grifftit's lenders require that the company maintain a debt ratio no higher than 0.50 . Calculate Griffith's debt ratio at October 31.2021, to detemine whether the company is in compliance with this debt restriction If not, suggest a way that Griffith could have avoided this difficult situation Data table Data table
help with preparing rhe balance sheet please!
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