In its annual report to stockholders, Crantz Inc. presents a condensed balance sheet with detailed data provided in supplementary schedules.

1. From the adjusted trial balance of Crantz, prepare the following sections of the balance sheet, properly classifying all accounts as to balance sheet categories:

(a) Current assets

(b) Property, plant, and equipment

(c) Intangible assets

(d) Total assets

(e) Current liabilities

(f) Noncurrent liabilities

(g) Owners’ equity

(h) Total liabilities and owners’ equity

2. Compute the current ratio and debt ratio for Crantz.

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Crantz Inc. Adjusted Trial Balance December 31, 2008 Debit Credit Cash Investment securities (trading) Notes receivable-trade debtors Accrued interest on notes receivable Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Accounts payable Notes payable-trade creditors Accrued interest on notes payable 33.900 20.000 18,000 1.800 88.400 $ 4.300 56.900 6.100 31.500 6,000 80,000 70.000 48.000 5.000 Buildings Accumulated depreciation- buildings Equipment Accumulated depreciation equipment Patents Franchises Bonds payable. 8%--issue l (mature 12/31/10) Bonds payable, 12%-issue 2 (mature 12/31/14) Accrued interest on bonds payable Premium on bonds payable issue 1 Discount on bonds payable issue 2 Mortgage payable Accrued interest on mortgage payable Capital stock, par value $: 10.000 shares authorized; 34,000 7.600 0.000 50.000 00.000 8,000 .500 10.500 57,500 2.160 4,000 shares issued Additional paid-in capital Retained earnings Treasury stock-at cost (500 shares) 4,000 112,800 139.440 1,000 $569.600 $569,600