The accounts of Wing Telecom Fundamentals at March 31, 2017, 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, 2017. 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, 2017. At March 31, 2016, 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 2017?

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Accounts Receivable$31,760 Inte Accumulated Amortization_ 720 23,000 9,200 Land Notes Payable 37840 Long-term Accumulated Amortization_ Notes Receivable, 5,520 16,840 Furniture 6,160 Long-ternm Advertising Expense. Amortization Expense A. Wing, Capital A. Wing, Withdrawals. Building 720 Other Assets 1,520 Other Current Liabilities 40,560 Prepaid Insurance. 24,960 Prepaid Rent 44,720 Salary Expense 27,720 Salary Payable 34,560 Service Revenue ...0 3,760 14,240 11,920 56,880 3,040 3,680 1,360 Furniture Insurance Expense Interest Payable 480 Supplies 5,240 Supplies Expens. Unearned Service Revenue.