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(2 blanks, 3 pts each) 12/31/2021 Balance Sheet (market value) Name: Twin Pines 1/01/2021 Farm Beginning Assets Current assets $300,000 Fixed assets $1,000,000 Ending Average

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(2 blanks, 3 pts each) 12/31/2021 Balance Sheet (market value) Name: Twin Pines 1/01/2021 Farm Beginning Assets Current assets $300,000 Fixed assets $1,000,000 Ending Average $270,000 $1,050,000 $285,000 $1,025,000 Total farm assets $1,300,000 $1,320,000 Q30 Liabilities Current liabilities Fixed liabilities $125,000 $197,500 $200,000 $385,000 $162,500 $291,250 Total liabilities $322,500 $585,000 $453,750 Net Worth $977,500 $735,000 Q31 Value (3 pts) Score (W, F, S) (1 pt) [Q33] [Q32] [Q34] [Q35] Current ratio, beginning Debt-to-asset ratio, beginning Equity-to-asset ratio, beginning Debt-to-equity ratio, beginning [Q36] [Q37] [Q38] [Q39]

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