Question: Problem 3-39 Classified Balance Sheet. You are provided a list of account titles and balances of Pennington Investment Corporation as of January 31, 2015. In

Problem 3-39 Classified Balance Sheet. You are provided a list of account titles and balances of Pennington Investment Corporation as of January 31, 2015.

In accordance with the instructions provided, prepare a properly classified balance sheet

Classified Balance Sheet Following is a list of account titles and balances for Pennington Investment Corporation as of January 31 2015. Prepare a property classified balance sheet. Assume net income of $300,000 and sales of $7,000,000. Compute the current ratio, debt ratio and asset turnover

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