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need classified balance sheet Creating a Balance from given Ratios Cotton Candy Company's income statement for the year ended 12/31/24 reported interest expense of $2
need classified balance sheet
Creating a Balance from given Ratios Cotton Candy Company's income statement for the year ended 12/31/24 reported interest expense of $2 thousand and income tax expense of $12 thousand. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant \& equipment is the company's only noncurrent assets. Financial ratios for 2024 are listed, below. Profitability and turnover ration with balance sheet items in the denominator were calculated using year-end balances rather than averages. Prepare a December 31,2024 classified balance sheet for Cotton Candy Co Step by Step Solution
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