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CurrentRatio =- CurrentAssetValue CurrentLiability Value 1. In cell J8 in Table 13.3, enter the correct formula that will reference the total current asset and current

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CurrentRatio =- CurrentAssetValue CurrentLiability Value 1. In cell J8 in Table 13.3, enter the correct formula that will reference the total current asset and current liability values from Michael's balance sheet (Table 13.1) and compute the current ratio. In cell K8 of Table 13.3, offer a conclusion as to whether Michael's operation is Strong, Stable, or Weak given the goal and Agribusiness Financial Ratio Benchmarks. Working Capital is not a ratio, but is the dollar value available that would be remaining if all of the current assets were to be sold to pay the current liabilities. In some cases working capital is a measure of the margin of safety. The formula for computing working capital is given as follows: Working Capital = CurrentAssets - CurrentLiabilities 2. In cell J10 in Table 13.3, enter the correct formula that will reference the total current assets and the current liabilities from Table 13.1. In cell K10, identify if the working capital value is positive, meaning that Michael's operation can meet all of the current cash requirements in the short run. If the working capital value is negative, Michael's operation does not have adequate working capital to meet the current financial needs

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