The accounts of Red River Services, Inc, at January 31, 2021, are listed in alphabetical order. The Retained Earnings T.account is shown below. [Cick the ieon bo view the accounts] (Cick the icon to view the T-account) Read the cequirements. Requirement 1. Prepare the compary's classified balance sheet at January 31, 2021. Complete the assets section in the frst atep, followed by the liabilties section in the second step, and the shareholders' equity section in the thied stop. (ff an input fiold is not used in the balance sheet leave the fectd empty, do not select a label or enter a zaro.) Requirement 2. Calculate Red Rivers net working capita, current ratio, and debt rato at January 31,2021 , roundng to two decimal places. A January 31 , 2020, net wonkng capital was 522,800 . the current rabo was 1.85, and the debt ratio was 0.32. Did Red River's ablity lo pay boh current and toeal debts improve or detoriorase during the fiscal year? Evaluate Red River's debe positon as strong or weak and give your reason. Compute Red River's net working capital at January 31, 2021. Requirement 2. Calculate Red River's net working capital, cument rato, and debe rato at January 31, 2021, rounding to two decimal places. At January 31, 2020, net working capital was \$22.800, the current rato was 1.85, and the dobt rato was 0.32 . Did Red River's ablily to pay both current and lotal debts ingreve or deterioroto during the fiscal year? Evaluate Red River's debt positon as strong or weak and give your reason. Compute Red River's net working capital an January 31,2021 = Net working capital Compute Red River's current ratio at danuary 31, 2021. (Round your calculation to two decimal places) Now calaulate Red River's debt ratio at January 31, 2021. (Round your calculation to two decimal places.) *Debtratio= Red River overall abiligy to pay current liablities wth current assets has during 2021. Red River's overall debt position has because the deot ratio has Overall, Red River's detz position is becsuse its debt tato Requirements 1. Prepare the companyra cla1cfed talance whet at danuary 31, 2021 2. Colevlate Fled Hiver's net working capita, current ratio, and beot rafio at Januyy 31, 2021, rounding 10 two decmal pleces. At danuary 21, 2020, net woreng capiti was \$22,800, the currece rato was 1ks, and the 606 , ratio was 0 32. Did Red Riveri abity to poy both curtent and fotal Gebes inprowe or delenorate during the fucal year? Evaluale Rea River's debt positon as whong sr weak and pore your remon. The accounts of Red River Services, Inc, at January 31, 2021, are listed in alphabetical order. The Retained Earnings T.account is shown below. [Cick the ieon bo view the accounts] (Cick the icon to view the T-account) Read the cequirements. Requirement 1. Prepare the compary's classified balance sheet at January 31, 2021. Complete the assets section in the frst atep, followed by the liabilties section in the second step, and the shareholders' equity section in the thied stop. (ff an input fiold is not used in the balance sheet leave the fectd empty, do not select a label or enter a zaro.) Requirement 2. Calculate Red Rivers net working capita, current ratio, and debt rato at January 31,2021 , roundng to two decimal places. A January 31 , 2020, net wonkng capital was 522,800 . the current rabo was 1.85, and the debt ratio was 0.32. Did Red River's ablity lo pay boh current and toeal debts improve or detoriorase during the fiscal year? Evaluate Red River's debe positon as strong or weak and give your reason. Compute Red River's net working capital at January 31, 2021. Requirement 2. Calculate Red River's net working capital, cument rato, and debe rato at January 31, 2021, rounding to two decimal places. At January 31, 2020, net working capital was \$22.800, the current rato was 1.85, and the dobt rato was 0.32 . Did Red River's ablily to pay both current and lotal debts ingreve or deterioroto during the fiscal year? Evaluate Red River's debt positon as strong or weak and give your reason. Compute Red River's net working capital an January 31,2021 = Net working capital Compute Red River's current ratio at danuary 31, 2021. (Round your calculation to two decimal places) Now calaulate Red River's debt ratio at January 31, 2021. (Round your calculation to two decimal places.) *Debtratio= Red River overall abiligy to pay current liablities wth current assets has during 2021. Red River's overall debt position has because the deot ratio has Overall, Red River's detz position is becsuse its debt tato Requirements 1. Prepare the companyra cla1cfed talance whet at danuary 31, 2021 2. Colevlate Fled Hiver's net working capita, current ratio, and beot rafio at Januyy 31, 2021, rounding 10 two decmal pleces. At danuary 21, 2020, net woreng capiti was \$22,800, the currece rato was 1ks, and the 606 , ratio was 0 32. Did Red Riveri abity to poy both curtent and fotal Gebes inprowe or delenorate during the fucal year? Evaluale Rea River's debt positon as whong sr weak and pore your remon