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I Have to fill out a net worth statement and am lost please help
Net Worth Statement
|Farm Asset||Cost Value (in $)||Market Value(in $)||Liabilities||Market Value(in $)|
|Cash||4,250||Short Term Loan||60,000|
|Crop Head for Sale||24,500||23000||Long Term Loan||1,00,000|
|Corn Crop||99000||Outstanding Exp.||8,000|
|Soyabean Crop||35,000||31500||Interest Accured||480|
|Prepaid Fertilizer Expenses||20,000||Current operating Land Loan||87,300|
|Total Assets||Accumilated Interest||2,370|
|Breeding Live Stock|
|rented Crop Land||6,25,000|
1. Total Farm Assets (cost value): $ 13,66,750
|Value in $|
|Crops Hold For Sale||24,500|
|Live Stock SOW||15,000|
|Rented Crop Land||6,25,000|
2. Total Farm Assets(market Value) : $ 8,40,000
|Value in $|
|Pig Live Stock||60,000|
3. Total Farm Liabilities (Market Value): $ 2,82,950
|Value in $|
|Long term Loan||1,00,000|
|Operating Land Loan||87,300|
4. Current Ratio (Market Value): 1.16 times
Current Ratio = Current Assets / Current Liabilities
Current Assets = 23,000 + 99,000 + 31,500 + 60,000 = $ 2,13,500
Current Liabilities= 60,000 + 20,000 + 4,800 + 8,000 + 480 = $ 1,82,950
Current Ratio: = 2,13,500 / 1,82,950 = 1.16 Times
5. Debt to Asset Ratio(Market Value): 0.29 Times
Debt = $ 2,82,950 (i.e. 1,82,950+1,00,000)
Assets= $ 9,63,500 (i.e.23,000+99000+31,500+60,000+4,80,000+2,40,000+30,000)
Debt to Asset Ratio will be: 2,82,950 / 9,63,500 = 0.29
Adjustments during month are in attached file:
I Have to fill out a net worth statement and am lost please help It is...
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