10. Consider the following farm balance sheet. Liabilities Assets $40,000 Current Liabilities Current Assets $60,000 $50,000 $110,000 $170,000 $280,000 $240,000 Noncurrent Liabilities Noncurrent Assets Total Liabilities Owner Equity $280,000 Total Liabilities Equity Total Assets c) What is a relatively strong part of this farm business's financial position? Explain how you determined this. Hint: You need to calculate at least one measure of farm financials to justify your response. 10. Consider the following farm balance sheet. Liabilities Assets $40,000 Current Liabilities Current Assets $60,000 $50,000 $110,000 $170,000 $280,000 $240,000 Noncurrent Liabilities Noncurrent Assets Total Liabilities Owner Equity $280,000 Total Liabilities Equity Total Assets c) What is a relatively strong part of this farm business's financial position? Explain how you determined this. Hint: You need to calculate at least one measure of farm financials to justify your response