1) Using the data below, conduct a trend analysis on their balance sheet. How would you evaluate the results? (Points: 15) Total Current Assets Total Assets Total Current Liabilities Total Liabilities Total Equity 20X1 $ 16,403 773,253 59,820 265,988 507,265 20X2 $ 17,800 763,150 45,500 190,500 572,650 20X3 $ 20,100 750,650 38,600 180,900 569,750 20X4 $ 18,600 768,200 28,500 240,000 528,200 2) Using the data in exercise (1) above, analyze the liquidity of the Farmers' business in 20X3 and 20X4. Include an interpretation of your ratio calculations. (Points: 15) 3) Using the data in exercise (1) above, analyze the solvency of the Farmers' business in 20X3 and 20X4. Include an interpretation of your ratio calculations. (Points: 15)
1) Using the data below, conduct a trend analysis on their balance sheet. How would you evaluate the results? (Points: 15) 2) Using the data in exercise (1) above, analyze the liquidity of the Farmers' business in 20X3 and 20X4. Include an interpretation of your ratio calculations. (Points: 15) 3) Using the data in exercise (1) above, analyze the solvency of the Farmers' business in 20X3 and 20X4. Include an interpretation of your ratio calculations. (Points: 15) 
