Essay
The following items are taken from the financial statements of Grove Company for 2014: 
Instructions
(a) Prepare an income statement and a classified balance sheet for Grove Company.
(b) Compute the following ratios and values:
1. Current ratio
2. Debt to assets ratio
3. Working capital
4. Earnings per share (Grove's average number of shares outstanding during the year was 5,000.)
Correct Answer:
Verified
Correct Answer:
Verified
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