can somone please help me amswer the questions below thank you!
Balance Sheet Assignment Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following Information. Fred needs your help to build a balance evaluate it. The information was gathered on 2/1/18 Grain sorghum in storage 4100 cwt @ $5.40 per cwt Hay on hand 75 ton @ $50.00 per ton Growing wheat 285 acres @ 24.50 per acre invested Farm mortgage payment due 4/7/18 $16,000 principle, $20,200 interest balance after 4/7/18 payment $228,000 $58,000 $46,000 Building and improvements Note payable this year (feeder cattle) Calves (sell in 60 days) Feeder cattle (sell 5/1/18) Operating loan (due 5/15/18) 96 head @ $290 per head 142 head. $580 per head $55,000 Vehicles $16,500 Machinery & Equipment $80,500 Loan on beef cattle payment due 8/1/18 $9.000 principle, $4,200 interest balance after 8/1/18 payment $38,000 Land market value 1020 acres @ $560 per acre Beef breeding cows 106 head @ $650 per head 4 head @ $1.200 per head Bulls Checking $3,400 Account payable at IFA $1,800 $2,800 Accounts receivable Shop Equipment Cummins diesel stock $2,500 300 shares @ $55 per share Other information Fred paid for $6,000 worth of seed to get a better price. Delivery on 3/15/18 Income and social security taxes due this year are estimated to be $8,200 Ten years ago Fred contributed $50,000 capital to get the business started. Retained earnings since the beginning of the business equals $305,000 Questions: 1. 2. 3. 4. 5. 6 7. B. 9. What is Fred's Owner's Equity on February 1"? How much working capital does Fred have? What is his current ratio? What is the debt/asset ratio? What is the debt/equity ratio? What is the equity/asset ratio? Which part of the financial conditions from the balance sheet could be a concern and why? Fred wants to borrow $50,000 to buy a tractor, it will cost $50,000. you were the lender would you approve the loan to Fred? Why or why not? W Fred pets the tractor loan, what affect will the transaction have to Fred's owner's equity if no other changes were made to the balance sheet? Font Bulls 4 head @ $1,200 per head Checking $3,400 $1,800 $2,800 Account payable at IFA Accounts receivable Shop Equipment Cummins diesel stock $2,500 300 shares @ $55 per share Other Information Feed paid for $6,000 worth of seed to get a better price. Delivery on 3/15/18 Income and social security taxes due this year are estimated to be $8,200 Ten years ago Fred contributed $50,000 capital to get the business started. Retained carnirs since the beginning of the business equals $305,000 Questions: 1. 2 3. 4. 5 6. 7. 8. 9. What is Fred's Owner's Equity on February 1"? How much working capital does Fred have? What is his current ratio? What is the debt/asset ratio? What is the debt/equity ratio? What is the equity/asset ratio? Which part of the financial conditions from the balance sheet could be a concern and why? Fred wants to borrow $50,000 to buy a tractor, it will cost $50,000. you were the lender would you approve the loan to Fred? Why or why not I Fred gets the tractor loan, what affect will the transaction have to Fred's owner's equity if no other changes were made to the balance sheet
