Problem $1$

$J$&$W$ Graphics Supply Balance Sheet items $($$ thousands$)$

Using the information above:

$($a$)$ Construct J&W$\text{'}$s Balance Sheet.

$($b$)$ What are J&W$\text{'}$s values for total assets and total liabilities?

$($c$)$ Compute the current ratio for $J$&$W$ Graphics Supply. Is this a financially healthy

company? Explain.