Question 1. 20 Points Using the Table below calculate EBITDA values for each year in 2010 and 2011. Item 2010 ($) 2011 (5) Value of farm production 535515 601525 Non-depreciation operating expenses 362650 462780 Depreciation expense 31560 36800 Interest expense 27890 32650 Net Income from operations 113415 69295 Gain (Loss) on sale of capital items 0 Net farm income before taxes 113415 69295 Nonfarm income 32380 31500 Income before taxes 145795 100795 Income and social security taxes 21203 18100 Net income after taxes 124592 82695 0 Questions 24 Use Tables A 3-1 Through A 3-3 found on pages 65-67 of course textbook Please show formulas used and your work for full credit. Good examples of this can be found on page 50. Question 2. 20 Points Calculate the rate of return (ROFA) on farm assets for Mr. and Mrs. Farmer for Year 2009, Hint the bottom line of Formula comes from the current year and next divided by 2. This gives you a 2 year average on farm assets. Question 3. 20 points Calculate the rate of return on farm equity (ROFE) for Mr. and Mrs. Farmer for year 2009, Hint the bottom line of Formula comes from the current year and prior divided by 2. This gives you a 2- year average on farm equity Question20 Points Calculate the cost of farm debt (COFD) for Mr. and Mrs. Farmer for year 2009 Question 1. 20 Points Using the Table below calculate EBITDA values for each year in 2010 and 2011. Item 2010 ($) 2011 (5) Value of farm production 535515 601525 Non-depreciation operating expenses 362650 462780 Depreciation expense 31560 36800 Interest expense 27890 32650 Net Income from operations 113415 69295 Gain (Loss) on sale of capital items 0 Net farm income before taxes 113415 69295 Nonfarm income 32380 31500 Income before taxes 145795 100795 Income and social security taxes 21203 18100 Net income after taxes 124592 82695 0 Questions 24 Use Tables A 3-1 Through A 3-3 found on pages 65-67 of course textbook Please show formulas used and your work for full credit. Good examples of this can be found on page 50. Question 2. 20 Points Calculate the rate of return (ROFA) on farm assets for Mr. and Mrs. Farmer for Year 2009, Hint the bottom line of Formula comes from the current year and next divided by 2. This gives you a 2 year average on farm assets. Question 3. 20 points Calculate the rate of return on farm equity (ROFE) for Mr. and Mrs. Farmer for year 2009, Hint the bottom line of Formula comes from the current year and prior divided by 2. This gives you a 2- year average on farm equity Question20 Points Calculate the cost of farm debt (COFD) for Mr. and Mrs. Farmer for year 2009