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P 3 - 4 3 A The accounts of Marciano Services Ltd . at March 3 1 , 2 0 X 2 , are listed
PA The accounts of Marciano Services Ltd at March X are listed in
alphabetical order. tablePrepaid expenses,Retained earnings, March XSalary expense,Salary payable,Service revenue,SuppliesSupplies expense,Unearned service revenue, Prepare the company's classified balance sheet at March X Show captions for
total assets, total liabilities, and shareholders' equity.
Evaluate Marciano's debt position as strong or weak, giving your reason. Assess whether
Marciano's ability to pay both current and total debts improved or deteriorated during
X In order to complete your evaluation, compute Marciano's current and debt ratios
at March X rounding to two decimal places. At March X the current
ratio was and the debt ratio was
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