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5. Below is a summary of Prairie View Farm's beginning and ending net worth statements for this year. Based on the numbers given, answer the
5. Below is a summary of Prairie View Farm's beginning and ending net worth statements for this year. Based on the numbers given, answer the questions below. (Chapter 6) Beginning of the Accounting Year End of the Accounting Year Cost Valuation Market Valuation S 12,000 S 180,000 $375,000 $567,000 Cost Valuation Cash on hand Other current assets Noncurrent assets Total assets S 12,000 S 180,000 S 275,000 S 467,000 S 17,000 S 222,000 $ 250,000 S 489,000 Market Valuation $17,000 $ 222,000 $350,000 $589,000 Current liabilities Noncurrent liabilities Total liabilities S 125,000 S 210,000 S 335,000 $ 125,000 $210,000 $ 335,000 S 145,000 S 185,000 S 320,000 $145,000 $ 185,000 320,000 Net wortlh S 132,000 $232,000 S 169,000 $269,000 How much was their working capital at the end of the accounting year? (5%) How much was their net cash flow for the accounting year? (5% If their accrual net farm income for the accounting year was S75,000, how much of it did they withdraw for family living and other nonfarm expenses? (5%)
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