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please type it 1 . Comple current ratio, debt ratio, and return on equity. Classified Balance Sheet Following is a list of account titles and
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1 . Comple current ratio, debt ratio, and return on equity. Classified Balance Sheet Following is a list of account titles and balances for Pennington Investment Corporation as of January 31, 2015. $ 18,000 5,790 2,700 201,500 83,750 Accounts Payable of Accounts Receivable Accumulated Depreciation -- Buildings Accumulated Depreciation- Machinery and Equipment Additional Paid-In Capital-Common Stock Allowance for Doubtful Notes and Accounts Receivable Buildings Cash Fund for Stock Redemption Cash in Banks Cash on Hand Claim for Income Tax Refund Common Stock, $1 par Employees' Income Taxes Payable $ 92.400 Income Taxes Payable 158,200 Interest Payable Interest Receivable 139,500 Inventory Investment Securities (trading) 116,300 Investments in Undeveloped Properties 605,000 Land Machinery and Equipment 24,700 Miscellaneous Supplies Inventory 320,000 Notes Payable (current) 17,500 Notes Payable (due in 2018) 8,320 Notes Receivable (current) 96,250 Preferred Stock, $5 par 4,000 Prepaid Insurance 55,000 Retained Earnings 4,360 Salaries and Wages Payable 193,500 213,000 165,500 4,20 68,32 63,8 32.9 285, Instructions: 1. Prepare a properly classified balance sheet. 2. Assume net income of $300,000 and sales of $7,000,000. Compute the current ratio, debt ratio, asset turnover
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