Prepare a classified balance sheet. assume that $13,600 of the note payable will be paid in 2023.the following items are taken from the financial statements of carmen co. at december 31, 2022.prepare a classified balance sheet. land $195,600accounts receivable 21,700supplies 9,200cash 11,840equipment 82,400buildings 261,200land improvements 45,780notes receivable (due in 2023) 5,300accumulated depreciation—land improvements 12,600common stock 75,000retained earnings (december 31, 2022) 495,000accumulated depreciation—buildings 32,600accounts payable 9,500mortgage payable 93,600accumulated depreciation—equipment 18,720interest payable 3,600income taxes payable 14,700patents 46,700investments in stock (long-term) 71,500debt investments (short-term) 4,100also compute the current ratio and debt to assets ratio. what do the numbers mean?
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Prepare a classified balance sheet. assume that $13,600 of the note payable will be paid in 2023.the...
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