Question: table [ [ , 2 0 2 8 , 2 0 2 9 , 2 0 3 0 , 2 0 3 1 ,

\table[[,2028,2029,2030,2031,2032],[Farm Assets,350,105,367,610,389,666,416,943,425,282],[Farm Liabilities,125,104,124,601,141,554,172,331,155,476],[\table[[Net Farm Income],[from Operations]],38,008,25,103,16,500,45,194,48,123]]
Calculate the index number trend for 2029 & 2030 using a base year of 2028. Be sure to do so for assets, liabilities & net farm income. (you shold have 3 answers for each year.
2. Using the financial information on the document included with this assignment, calculate the following metrics for 2029. Further, using one of the several references provided in the course materials, indicate what financial position this farm is in based on that metric. Use all of your course resources - if you can't determine the financial position from one resource, use another. The book is your friend on this assignment.
BE SURE TO SHOW ALL YOUR WORK:
\table[[,Calculation:,Financial Position:],[Current Ratio:,,],[Working Capital:,,],[Working Capital to,,],[Gross Revenue Ratio:,,],[Debt to Asset Ratio:,,]]
 \table[[,2028,2029,2030,2031,2032],[Farm Assets,350,105,367,610,389,666,416,943,425,282],[Farm Liabilities,125,104,124,601,141,554,172,331,155,476],[\table[[Net Farm Income],[from Operations]],38,008,25,103,16,500,45,194,48,123]] Calculate the index number trend

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!