Using the following information, calculate the operating profit margin ratio for the Sleepy Z Ranch in 2021:
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Question:
Using the following information, calculate the operating profit margin ratio for the Sleepy Z Ranch in 2021:
Net Farm Income 2021: $100,000
Interest Expense: $20,000
Living Cost: $50,000
Other Income: $10,000
Gain (loss) on sale of Capital Items: $0
Value of Farm Production: $800,000
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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