Question: Create a balace sheet for January 1, 2019 based on the information below and then answer the questions that follow. Accounts payable $12,000 Accounts receivable

Create a balace sheet for January 1, 2019 based on the information below and then answer the questions that follow.

Accounts payable $12,000

Accounts receivable $8,250

Accrued interest on land loan of $2,000

Breeding livestock (raised) $165,000

Checking account balance $17,500

Crops $125,000

Machinery and equipment $275,000

Market livestock $115,000

Net present value of land $1,500,000

Principal loan payment on land of $40,000 leaving a remaining balance of $920,000

What was the total value of intermediate assets on January 1, 2019?

What was the total value of assets on January 1, 2019?

What was the total value of current liabilities on January 1, 2019?

What was the total value of liabilities on January 1, 2019?

How much profit did the farm make as of January 1, 2019?

What was the farm's current ratio?

What was the farm's working capital?

What was the farm's debt to equity ratio?

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