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The accounts of Valley Haven Services Ltd. at March 31, 2020, are listed in alphabetical order. (Click the icon to view the accounts.) Requirements
The accounts of Valley Haven Services Ltd. at March 31, 2020, are listed in alphabetical order. (Click the icon to view the accounts.) Requirements 1. Prepare the company's classified balance sheet at March 31, 2020. Show captions for total assets, total liabilities, and total liabilities and shareholder equity 2. Evaluate Valley Haven's debt position as strong or weak, giving your reason. Assess whether Valley Haven's ability to pay both current and total debts improved or deteriorated during 2020. In order to complete your evaluation, compute Valley Haven's current and debt ratios at March 31, 2020, rounding to two decimal places. At March 31, 2019, the current ratio was 1.35, and the debt ratio was 0.30 Requirement 1. Prepare the company's classified balance sheet at March 31, 2020. Show captions for total assets, total liabilities, and total liabilities and shareholders' equity Assets Liabilities Liabilities Shareholders' Equity Requirement 2. Evaluate Valley Haven's debt position as strong or weak, giving your reason. Assess whether Valley Haven's ability to pay both cument and total debts improw 2020. In order to complete your evaluation, compute Valley Haven's current and debt ratios at March 31, 2020, rounding to two decimal places At March 31, 2010, the current ratio was 0.30. (Round the ratios to two decimal places.) Requirement 2. Evaluate Valley Haver's debt position is strong or weak, giving your reason. Assess whether Valley Haven's ability to pay both cument and total debts improved or deleriorated during 2020 In order to complete your evaluation, computa Valley Haven's cument and debt ratios at March 31, 2020, rounding to two decimal places At March 31, 2011 the aumentato was 1.35 and the deb ratio was 0.30 (Round the ratios to two decimal places.) Compute Valley Haver's current ratio at March 31, 2020 Now calculate Valley Haver's debt ratio at March 31, 2020. Cumenta Deb based on both the cumint ratio of 1st and debt ratio of 0.32 Bo and the debt ratio has had than the nome for a corpA Valley Haven Ltd's debt position is comparition with rabos in 2019 indicates the cument ratio has
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