The adjusted trial balance for Martell Bowling Alley at December 31, 2017, contains the following accounts.

Debit

Credit

Buildings

$128,800

Common Stock

$90,000

Accounts Receivable

14,520

Retained Earnings

25,000

Prepaid Insurance

4,680

Accumulated DepreciationBuildings

42,600

Cash

18,040

Accounts Payable

12,300

Equipment

62,400

Notes Payable

97,780

Land

67,000

Accumulated DepreciationEquipment

18,720

Insurance Expense

780

Interest Payable

2,600

Depreciation Expense

7,360

Service Revenue

17,180

Interest Expense

2,600

$306,180

$306,180

Prepare a classified balance sheet; assume that $22,000 of the note payable will be paid in 2018. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.)

By how much does current assets exceed current liabilities?

Current assets exceed current liabilities by $ .

What percentage of current assets are in the form of cash? (Round answer to 2 decimal places, e.g. 15.25%.)

Percentage of current assets are in the form of cash is %.

Determine the company's liquidity.

The company's liquidty appears to be