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2. Prepare a balance sheet as of 1/1/2019 using the data below. Calculate net worth. Loan 1 Remaining Principal: $4,700,000 Loan 2 Remaining Principal: $5,900,000 Investment Portfolio Current Value: $2,000,000 Revolving Credit Line Principal: $650,000 Cash and Equivalents: $720,000 Subcontractor Invoices Payable: $380,000 Supplier Invoices Payable: $210,000 Materials Inventory: $410,000 Underbilling Project 1: $70,000 Overbilling Project 2: $220,000 Overbilling Project 4: $150,000 Accrued Taxes: $474,000 Invoices Receivable: $800,000 Land Parcel (at cost): $4,000,000 Fabrication Shop (at cost less depreciation): $1,500,000 Equipment (all, at cost less depreciation): $8,000,000 3. Make a list of current assets and current liabilities using the data from Problem 2 above. Calculate working capital and current ratio. Note: $180,000 of Loan 1 and $800,000 of Loan 2 are due this year. The credit line is all due within a year. The investment portfolio is highly liquid.

          2. Prepare a balance sheet as of 1/1/2019 using the data below. Calculate net worth.

Loan 1 Remaining Principal: $4,700,000
Loan 2 Remaining Principal: $5,900,000
Investment Portfolio Current Value: $2,000,000
Revolving Credit Line Principal: $650,000
Cash and Equivalents: $720,000
Subcontractor Invoices Payable: $380,000
Supplier Invoices Payable: $210,000
Materials Inventory: $410,000
Underbilling Project 1: $70,000
Overbilling Project 2: $220,000
Overbilling Project 4: $150,000
Accrued Taxes: $474,000
Invoices Receivable: $800,000
Land Parcel (at cost): $4,000,000
Fabrication Shop (at cost less depreciation): $1,500,000
Equipment (all, at cost less depreciation): $8,000,000

3. Make a list of current assets and current liabilities using the data from Problem 2 above. Calculate working capital and current ratio. Note: $180,000 of Loan 1 and $800,000 of Loan 2 are due this year. The credit line is all due within a year. The investment portfolio is highly liquid.

2. Prepare a balance sheet as of 1/1/2019 using the data below. Calculate net worth.

Loan 1 Remaining Principal: 4,700,000
Loan 2 Remaining Principal:5,900,000
Investment Portfolio Current Value: 2,000,000
Revolving Credit Line Principal:650,000
Cash and Equivalents: 720,000
Subcontractor Invoices Payable:380,000
Supplier Invoices Payable: 210,000
Materials Inventory:410,000
Underbilling Project 1: 70,000
Overbilling Project 2:220,000
Overbilling Project 4: 150,000
Accrued Taxes:474,000
Invoices Receivable: 800,000
Land Parcel (at cost):4,000,000
Fabrication Shop (at cost less depreciation): 1,500,000
Equipment (all, at cost less depreciation):8,000,000

3. Make a list of current assets and current liabilities using the data from Problem 2 above. Calculate working capital and current ratio. Note: 180,000 of Loan 1 and800,000 of Loan 2 are due this year. The credit line is all due within a year. The investment portfolio is highly liquid.

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