Question: This case, based on Indigo Books & Music Inc.'s (Indigo's) balance sheet in Appendix A at the end of this book and on MyAccountingLab, will

This case, based on Indigo Books & Music Inc.'s (Indigo's) balance sheet in Appendix A at the end of this book and on MyAccountingLab, will familiarize you with some of the assets and liabilities of this company. Answer these questions, using the company's balance sheet and other information.
Required
1. Compare Indigo's balance sheet to the balance sheet in Exhibit 4-14 on page 193. What differences in style do you notice between these two balance sheets? Describe these differences.
2. What was the value of Indigo's total current assets in 2014? In 2013?
3. What was the value of the total current liabilities in 2014? In 2013?
4. Compute Indigo's current ratio at March 29, 2014, and at March 30, 2013. Did the ratio improve or deteriorate during the year?
5. Compute Indigo's debt ratio for the fiscal years ended 2014 and 2013. Did the ratio improve or deteriorate during the year?

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