Question: Using the information below, complete the balance sheet for January 1, 2019 in the space provided. Then answer the questions. Accounts payable $16,500 Accounts receivable

Using the information below, complete the balance
Using the information below, complete the balance
Using the information below, complete the balance sheet for January 1, 2019 in the space provided. Then answer the questions. Accounts payable $16,500 Accounts receivable $15,500 Checking account balance $9,415 Other Crops $125,000 Machinery and equipment $185,000 Soybeans $18,400 Net present value of land $550,000 Principal loan payment on land of $16,000 leaving a remaining balance of $320,000. $18,750 in interest due. Taxes payable $17,000 5. How much profit did the farm make as of January 1, 2019? 6. What was the farm's current ratio? 7. What was the farm's working capital? 8. What was the farm's debt to equity ratio

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