Hello, I am having a hard time with the balance sheet and the current ratio & debt to assets ratio
Extracted text: These financial statement items are for Ivanhoe Company at year-end, July 31, 2022. Salaries and wages payable $ 3,900 Salaries and wages expense 59,300 Supplies expense 16,900 Equipment 16,580 Accounts payable 3,500 Service revenue 67,900 Rent revenue 9,800 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 35,620 Accounts receivable 11,000 Accumulated depreciation-equipment 7,900 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,400
Extracted text: Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity $ $ eTextbook and Media List of Accounts X Your answer is incorrect. Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2.) Current ratio :1 Debt to assets ratio %