Problem 2-3 Classified Balance Sheet

1. Prepare in good form a classified balance sheet as of December 31, 2014.

2. Compute Ruth's current ratio.

3. On the basis of your answer to (2), does Ruth appear to be liquid? What other information do you need to fully answer that question?

problem 2-3 Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2014: Required 1. Prepare in good form a classified balance sheer as of December 31, 2014. 2. Compute Ruth's current ratio. 3. On the basis of your answer to (2), does Ruth appear to be liquid? What other information do you need to fully answer that question? Problem 2-4 Financial Statement Ratios The following items, ?n alphabetical order, arc available from the records of Walker Corporation