The accounts of Wing Telecom Fundamentals at March 31, 2014, are listed in alphabetical order here.

Required
1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Prepare the company's classified balance sheet in report format at March 31, 2014. Use captions for total assets, total liabilities, and total liabilities and owner's equity.
2. Compute Wing Telecom Fundamentals' current ratio and debt ratio at March 31, 2014.
At March 31, 2013, the current ratio was 1.28, and the debt ratio was 0.32. Did Wing Telecom Fundamentals' ability to pay both current and total debts improve or deteriorate during fiscal 2014?

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Accounts Payable. $31,760 Interest Receivable . 720 Accounts Receivable. 9,200 Land. 23,000 Accumulated Amortization- Notes Payable, Long-Term. 37,840 Building. 22,560 Accumulated Amortization- Notes Receivable, Long-Term. 6,160 Furniture. 5,520 Advertising Expense. 720 Other Assets.. 16,840 Other Current Liabilities Amortization Expense. 1,520 880 A. Wing, Capital.. 40,560 Prepaid Insurance. 480 24,960 Prepaid Rent.. A. Wing, Withdrawals. Building Cash.. 3,760 44,720 Salary Expense. 14,240 27,720 Salary Payable. 34,560 Service Revenue. 11,920 Furniture.. 56,880 Insurance Expense 480 Supplies. 3,040 Interest Payable.. 5,240 Supplies Expense.. 3,680 1,360 Unearned Service Revenue