Prepare a classified balance sheet as of Jan. 31, 2017 and compute the following ratios (round each ratio to 2 decimal places)

Here's the question:

1A.) Balance Sheet

1B.) RATIOS

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Adjusted Dates: Jan 31 to: Jan 31 Carter Company Trial Balance January 31, 2019 Account Title Credit $ Debit 16,000 11,700 8,100 2,800 68,000 30,600 13,800 8,800 32,700 Cash Merchandise Inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation - Store equip. Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Salaries expense Rent expense Advertising expense Total ,900 131,000 3,9001 4,100 39,000 34,000 13,600 10.800 216,900 $ 216,900 The fiscal year-end unadjusted trial balance for Carter Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Carter Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,700. b. Expired insurance, an administrative expense, for the fiscal year is $1,780. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. Carter Company Balance Sheet January 31, 2019 Assets Current Assets 0 Plant assets Total assets Liabilities and Equity Liabilities Equity Total liabilities and equity Current ratio Acid-test ratio Gross margin ratio