Use the following data to calculate the profitability and efficiency measures listed: Gross revenue: $185,000 Value of
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Question:
Use the following data to calculate the profitability and efficiency measures listed:
Gross revenue: $185,000 Value of farm production: $167,000
Net Farm income From operation: $48,000 Interest expense: $18,000
Value of unpaid labor and management: $31,000 Total assets value: beginning: $400,000 End: $430,000
Farm equity: beginning: $340,000 End: $352,000
a. rate of return on assets?
b. rate of return on equity?
c. asset turnover ration?
d. operating profit margin ratio?
e. net farm income from operations ratio?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: