Question

The adjusted balances at September 30, 2014, for Xentel Interactive are shown in alphabetical order below:



Required
Prepare a comparative classified balance sheet at September 30, 2014.
Analysis Component: How were Xentel’s assets mainly financed in 2013? in 2014? Has the change in how assets were financed from 2013 to 2014 strengthened the balance sheet? (To strengthen the balance sheet is to decrease the percentage of assets that are financed by debt as opposed toequity.)


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  • CreatedJanuary 08, 2015
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