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On a separate sheet of paper or using a spreadsheet create

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On a separate sheet of paper, or using a spreadsheet, create a balance sheet for Tropical Aquaculture, a farm for shrimp, using the information below. Calculate and analyze the quick, debt, and debt-to-equity ratios.

  • Cash $ 45,000
  • Accounts receivable $ 12,000
  • Shrimp feed $ 8,400
  • Accounts payable $ 9,700
  • Equipment $ 75,000
  • Bank loan $ 20,000
  • Property and ponds $124,000

Reference no: EM13598395

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