Question: Alt 325 Assignment 8 - ANSWER KET Fall 2013 Name If we cannot read your answer, you will not receive credit for it. Use the
Alt 325 Assignment 8 - ANSWER KET Fall 2013 Name If we cannot read your answer, you will not receive credit for it. Use the following information to answer the questions. Each correct answer earns 3.57 points. There is no partial credit. Your answer is either is right or it is wrong. Gross Sales Total Costs Depreciation (included in total costs) Total Interest Expense (included in total costs) Interest on term debt and capital leases (included in total interest expense) Net Farm Income From Operations Value of All Assets Total Nonfarm Income Family Living Expenses Total Debt Payments Next Year $500,000 $450,000 $100,000 $50,000 $20.000 $50,000 $2,000,000 $30,000 $60,000 $80,000 1. Calculate the cash available for term debt and capital lease coverage ratio. 2. Calculate the overall economic efficiency ratio. 3. Calculate the asset turnover ratio. 4. Calculate the interest expense ratio. 5. Calculate the depreciation expense ratio. 6. Calculate the operating expense ratio. 7. Net farm income from operations ratio
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