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Start bu combietine the missing values in the baiance shet below. Maximum score =30 points 2. How much working capital does Rhonda have? (2 points)
Start bu combietine the missing values in the baiance shet below. Maximum score =30 points 2. How much working capital does Rhonda have? (2 points) Answer: 3. What is her current ratio? (2 points) Answer 4. What is her debt/asset ratio? (2 points) Answer: 5. What is her debtequity ratio? (2 points) Answer: 6. What is her equity/asset ratio? (2 points) Answer: 0.37 7. Assume you are a financial consultant hired by Rhonda to analyze her financial condition. Based on this balance sheet, what part of her financial condition is most in need of improvement? WHY? (4 points) Her current ratio needs improvement because it needs to provide a more liquid business 8. What does this balance sheet tell you about the amount of profit Rhonda made last year? Explain your answer. (4 points) This balance sheet doesn't tell you anything because there isn't a profit or a loss. 9. Rhonda wants to borrow $50,000 from the bank to buy additional beef breeding cows. They will cost $50,000. Assume the loan is made, the cows are purchased. (6 points) a) What will Rhonda's owner's equity be immediately after the tramsactions are completed if there are no other changes on her balance sheet? Answer $607,730 b) What will her debt/asset ratio be? Answer: 1. What is Phonda's owner's equity as of Febunary 15 ? (2 points)
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