Assume that Mr. Browns total farm asset is three times of his net worth and his total
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Question:
Assume that Mr. Brown’s total farm asset is three times of his net worth and his total liability is $30,000.
- Calculate his total farm assets.
b. Calculates Mr. Brown’s net worth.
2. Agland, Inc. has current assets of $75,000 and current liabilities of $150,000. What is the current ratio for Agland, Inc? Is it good or bad? What does this mean for the business?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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