Question: please show all working thanks! Presented below is the adjusted trial balance for Carrington Inc for the year ended August 31st 2022. Required: 1. Prepare
Presented below is the adjusted trial balance for Carrington Inc for the year ended August 31st 2022. Required: 1. Prepare a classified statement of financial Position using the IFRS format for Carrington Inc. Common Stock authorized was 200,000 shares and preferred stock authorized was 12,000 shares. Assume notes receivable are non-current. All of the above accounts had their normal debit or credit balance. 2 Compute and explain the following ratios for Carrington Inc a) The current ratio b) The Debt to total assets. Presented below is the adjusted trial balance for Carrington Inc for the year ended August 31st 2022. Required: 1. Prepare a classified statement of financial Position using the IFRS format for Carrington Inc. Common Stock authorized was 200,000 shares and preferred stock authorized was 12,000 shares. Assume notes receivable are non-current. All of the above accounts had their normal debit or credit balance. 2 Compute and explain the following ratios for Carrington Inc a) The current ratio b) The Debt to total assets
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