P-05-02 Name:

Section:

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Classified Balance Sheet

1.
Jason's Hardware Company
Balance Sheet

Assets
Current Assets:

Total Current Assets

Investments:

Property, plant, and equipment:

Total property, plant, and equipment

Intangible assets:

Total assets

Liabilities
Current liabilities:

Total current liabilities

Long-term liabilities:

Total liabilities
 Owner's Equity

Total owner's equity

Total liabilities and owner's equity

2.
a.
Current Ratio =

= times

b.
Debt to Equity Ratio =