Question

On a separate sheet of paper, or using a spreadsheet, create a balance sheet for Tropical Aquaculture, a farm for shrimp, using the information below. Calculate and analyze the quick, debt, and debt-to-equity ratios.
Cash 
$ 45,000 
Accounts receivable 
$ 12,000 
Shrimp feed 
$ 8,400 
Accounts payable 
$ 9,700 
Equipment 
$ 75,000 
Bank loan 
$ 20,000 
Property and ponds 
$124,000 


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  • CreatedMay 23, 2015
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