End of Year $8,000 52,000 23,000 72,000 128,000 $283,000 Net Worth Statements Beginning (market values) of Year Assets Cash on hand $5,000 Corn in storage 40,000 Market hogs 26,000 Machinery and equipment 80,000 Land (30 acres) 120.000 Total assets $271,000 Liabilities Accounts payable (seed corn) $10,000 Short-term operating line 65,000 Loan on acreage: 8,000 due in 12 mo. due beyond 12 mo. 42,000 Total liabilities $125,000 Net worth (market) $146,000 Using the end of the year values what is Current Assets A. $82,000 Using the end of the year values what is Current Liabilities B. 96% Using the end of the year values what is what is C. $83,000 debt-to asset ratio? $14,000 60,000 8,000 36,000 $118,000 $165,000 52,0 40,000 26,000 23,0 72,01 Corn in storage Market hogs Machinery and equipment Land (30 acres) Total assets 80,000 120,000 $271,000 128. $283 $14.0 60,00 8,000 36.00 $118 $165, Liabilities Accounts payable (seed corn) $10,000 Short-term operating line 65,000 Loan on acreage: 8,000 due in 12 mo. due beyond 12 mo. 42.000 Total liabilities $125,000 Net worth (market) $146,000 Using the end of the year values what is Current Assets Using the end of the year values what is Current A. $82,000 Liabilities B. 96% Using the end of the year values what is what is debt-to asset ratio? C. $83,000 D.42% Using the end of the year values what is the asset to liability ratio? E. $1,000 Using the end of the year values what is working capital? QUESTION 2 tv A W F