Question: Assignment 5 (100 points) 1.3. Use the following data to calculate the profitability and efficiency measures listed below: Gross revenue $ 185,000 Value of farm

Assignment 5 (100 points)

1.3. Use the following data to calculate the profitability and efficiency measures listed below:

Gross revenue

$ 185,000

Value of farm production

$ 167,000

Income from operations

$ 66,000

Interest expense

$ 18,000

Value of unpaid labor and management

$ 31,000

Total asset value:

beginning

$400,000

ending

$430,000

Farm equity:

beginning

$340,000

ending

$352,000

a. Rate of return on assets

 %

b. Rate of return on equity

 %

c. Asset turnover ratio

d. Operating profit margin ratio

 %

e. Income from operations ratio

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