this is all one question
Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017: $17,760 Income taxes payable Interest payable Inventory Land Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings Automobiles Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash 24,095 22,670 38,440 113,350 153,000 192,200 141,000 13,205 Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value Patents Prepaid rent Retained earnings Salaries and wages payable $5,880 1,435 43,680 227,000 89,630 11,000 2,405 48,000 43,000 1,470 306,920 3,930 Required: 1. Prepare in good form a classified balance sheet as of December 31, 2017. Ruth Corporation Balance Sheet December 31, 2017 Assets 1. Prepare in good form a classified balance sheet as of December 31, 2017. Ruth Corporation Balance Sheet December 31, 2017 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total property, plant, and equipment Intangible assets: Total assets Liabilities Current liabilities: Total current liabilities Long-term debt: UU Total liabilities Stockholders' Equity Contributed capital: Qul Total contributed capital Total contributed capital IN Total stockholders' equity Total liabilities and stockholders' equity 2. Compute Ruth's current ratio. Round your answer to two decimal places. to 1 3. On the basis of your answer to (2), does Ruth appear to be liquid? Classified Balance Sheet The following balance sheet items, listed in alphabetical order, are available from the records of Ruth Corporation at December 31, 2017: $17,760 Income taxes payable Interest payable Inventory Land Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings Automobiles Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash 24,095 22,670 38,440 113,350 153,000 192,200 141,000 13,205 Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value Patents Prepaid rent Retained earnings Salaries and wages payable $5,880 1,435 43,680 227,000 89,630 11,000 2,405 48,000 43,000 1,470 306,920 3,930 Required: 1. Prepare in good form a classified balance sheet as of December 31, 2017. Ruth Corporation Balance Sheet December 31, 2017 Assets 1. Prepare in good form a classified balance sheet as of December 31, 2017. Ruth Corporation Balance Sheet December 31, 2017 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total property, plant, and equipment Intangible assets: Total assets Liabilities Current liabilities: Total current liabilities Long-term debt: UU Total liabilities Stockholders' Equity Contributed capital: Qul Total contributed capital Total contributed capital IN Total stockholders' equity Total liabilities and stockholders' equity 2. Compute Ruth's current ratio. Round your answer to two decimal places. to 1 3. On the basis of your answer to (2), does Ruth appear to be liquid
