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shown below are some financial figures for sma consultants, owned by s. magbool. cash, $6000; accounts payable, $35 000; accounts receivable, $14 000; mortgage payable,
shown below are some financial figures for sma consultants, owned by s. magbool. cash, $6000; accounts payable, $35 000; accounts receivable, $14 000; mortgage payable, $160 000; land, $240 000; buildings, $195 000; equipment, $25 000. a. prepare a classified balance sheet (current assets, current liabilities, etc.) dated September 30, 20- b. on the basis of the limited information given, would you say that magbool's business has any kind of financial problem? explain.
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