AGEC 4000 Homework 1 Ch.4 Balance Sheet Use the following information to fill in the Balance Sheet below and to answer questions. Cash on Hand 150,000 Value of Machinery and Equip 500,000 Other Current Assets 250,000 Value breeding livestock 200,000 Loans on Machinery and Equipment Value of Land $900,000 --- Due this year 25,000 Buildings 80,000 --- Due later 130,000 Operating Loan 60,000 Loans on Land and Buildings -- Due this year 40,000 - Due later 300,000 Assets Current: Liabilities Current: Total Current: Noncurrent Assets: Total Current: Noncurrent Liabilities Total Noncurrent Assets Total Noncurrent Liabilities Total Liabilities Net Worth TL & NW Total Assets Using the balance sheet above, calculate the following. Be sure to set up and label the parts of the ratios. You must show your work to get credit. 1) Current ratio 2) Debt-to equity ratio