Question: question 20 and 21 help please Question 20 (3 points) If total farm assets are $1.000.000 and total farm liabilities are $500,000 then the farm

question 20 and 21 help please Question 20 (3 points) If

question 20 and 21 help please

Question 20 (3 points) If total farm assets are $1.000.000 and total farm liabilities are $500,000 then the farm is: Solvent Insolvent Liquid Not Liquid Question 21 (3 points) Given the following calculate net worth: The current ratio is 2.0 Intermediate assets are $300.000 Long term assets are $400.000 Current Liabilities are $100,000 Total Liabilities are $400.000 $1,500,000 $350.000 $500,000 $900,000

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Date: 1/01/2021 Beginning Date: 12/31/2021 Ending Average Assets Current assets Fixed assets $831,000 $2,625,000 $900,680 $2,700,000 $865,840 $2,662,500 Total farm assets $3,456.000 $3,600,680...

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