Q.1 Prepare the balance sheet with items given below for a farm business and tally the balance sheet. Calculate the following ratios based on balance sheet (Net Capital Ratio (th Acid Test Ratio (il Equity Value Ratio (Values are in Rs.) Cash on Hunct=1,15.000 Crop loans to be repaid=1,50,000 Savings in Bank- 1.10.000 Installments of Long term and medium term loans 85.000 Value of crops ready to sale: 1,65,000 Money to be given to input supplier = 55,000 Livestock product to sale-25,000 Livestock loan to be repaid in 4 years= 1,90,000 Account receivable 65,000 Machinery loan to be repaid in 5 years= 2,05,000 Dairy Cutle= 2.45,000 Tractor loan to be repaid in 8 years 5,10,000 Machinery and equipment=3,00,000 Orchard loan = 9,75,000 Tractor5,75.000 Owner's Equity or Net worth? Land=20,00,000 Farm Building=5,00,000 (10) Q.2 Prepare the Income Statement with iterns given below for an agricultural processing unit. Calculate the profits and expenses at various levels and net profit after taxes. (Values are in Rs.) Sales=12,75,000 Marketing related activities: 55.000 Cost of Goods Sold= 5.75,000 Maintenance and repairs 17.500 Salaries=2.50,000 Interest Expenses 72000 Insurance 18.000 Other Non operating Incomes=125000 Storage 20,000 Tax on NPBT 69% Packaging= 45.000 0.3 You have taken an Investment loan of Rs 5. 50,000/- if the loan is to be repaid in 8 Half Yearly installments but the maximum principal amount Rs. 2,00,000 along with interest will be paid in * Half yearly installment, test loan amount to be paid in starting 7 installments along with interest. Interest rate is 10% per anum. Prepare repayment schedule