Question
Proper Solutions has the following balances as at September 30, 2019. Cash Tran, Capital $26,500 $ 80,600 Bank Loan, Long-Term Portion $ 12,000 Accounts Payable
Proper Solutions has the following balances as at September 30, 2019. Cash Tran, Capital $26,500 $ 80,600 Bank Loan, Long-Term Portion $ 12,000 Accounts Payable Accounts Receivable Unearned Revenue Merchandise Inventory Bank Loan, Current Portion Equipment Required $ 17,400 $21,000 $ 10,000 $28,700 $ 6,000 $49,800 a) Prepare a classified balance sheet using the balances listed above. Do not enter dollar signs or commas in the input boxes Round all answers to 2 decimal places. Select accounts according to their classification. If more than one account is used under list above. For example, if cash and accounts receivable are both current assets choose for the second. Assets Current Assets Proper Solutions Classified Balance Sheet As at September 30, 2019 e here to search Et Assets Current Assets Proper Solutions Classified Balance Sheet As at September 30, 2019 O 0 Total Current Assets: Property, Plant, and Equipment Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities Total Current Liabilities Long-Term Liabilities Total Long-Term Liabilities Total Liabilities Type here to search O D b) Calculate the working capital for Proper Solutions. Working Capital = $ c) Calculate the current ratio for Proper Solutions. Current Ratio = d) Calculate the quick ratio for Proper Solutions. Quick Ratio= e here to search F1 4. NI
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