Click Submit to complete this assessment. Question 3 of Question 3 10 points Save Answer Assume that the working capital is $50,000 and use your knowledge of balance sheets and ratio analysis to complete the following abbreviated a balance sheet. Then answer questions below this balance sheet. ASSETS LIABILITIES Current assets $100,000 Current liabilities S Noncurrent assets $ Noncurrent Liabilities $100,000 Total liabilities $ Owner equity $ Total Assets $ Total liabilities and Equity $250,000 1. What is the current ratio for this farm? lities $100,000 nd Equity $250.000 2. What is your comment/interpretation on this ratio? this ratio? 3. What is the debt/asset ratio? 4. What is your comment/interpretation on this ratio? Assume you work for the Farm Credit Union as loan officer and this balance sheet's customer requests a loan to purchase a tractor of $100,000 and is promising to pay off the loan within 12 moths. What will be your decision? Give reasons for your decision Arial . E . TTTT Paragraph %DOQ - 3/12pt) TT. T