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.

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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