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Selected accounts of Blume Irrigation System at December 31 2012 follow Requirements 1. Prepare the company’s classified balance sheet in report form at December 31 2012 2 Compute the company’

Selected accounts of Blume Irrigation System at December 31, 2012, follow:  Requirements 1. Prepare the company’s classified balance sheet in report form at December 31, 2012. 2. Compute the company’s current ratio and debt ratio at December 31, 2012. At December 31, 2011, the current ratio was 1.81 and the debt ratio was 0.34. Did the company’s ability to pay debts improve or deteriorate, or did it remain the same during2012?

May 14 2020 View more View Less

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