Using the data from Tables 4.2 and 4.3, compute

a. the operating profit margin,

b. the asset turnover ratio,

c. the operating return on assets, and

d. the leverage ratio for Indiana farmers over 55 to 64 years old.

Table 4.2

Table 4.3

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Item Age category All 34 or 35 to 45 to 55 to 65 or farms younger 44 54 64 older Farm assets Current Livestock inventory Crop inventory Purchased inputs 965,531 720,507 835,025 934,371 887,432 1,280,307 148,813 144,921 128,299 138,739 153,669 166,580 7,764 N/A 7,390 N/A 4,042 10,108 47,941 82,983 33,868 51,750 43,857 52,380 8,208 11,217 7,549 Cash invested in growing crops 2,708 Prepaid insurance Other Non-current 4,204 N/A 8,331 7,243 2,801 925 1,018 2,104 2,298 3,896 792 947 92,006 909 1,049. 81,283 35,777 75,767 64,109 94,348 816,718 575,586 706,726 795,632 733,763 1,113,727 Investment in cooperatives Land and buildings Operators dwelling Farm equipment N/A 447 702,711 443,672 599,972 671,769 628,931 101,466 49,943 185,456 N/A 94,265 101,158 111,010 83,688 110,538 95,736 504 N/A 883 368 994,636 84,986 107,927 12,043 20,457 104,411 163,975 33,380 63,719 4,708 7,895 71,030 100,256 9,511 8,830 Breeding animals Farm liabilities Current Notes payable within one year Current portion of term debt Accrued interest Accounts payable Non-current Non-real estate Real estate Farm equity N/A 11,469 8,021 8,494 61,519 91,426 72,764 N/A 49,472 57,133 861,121 556,532 719,806 813,135 798,813 1,187,231 N/A N/A 8,213 10,796 N/A 121,236 88,620 93,076 N/A 37,764 31,127 27,448 17,614 40,885 13,203 N/A 17,509 12,599 8,155 10,393 N/A N/A 6,679 7,463 2,904 4,546 N/A 3,400 2,450 2,571 N/A N/A N/A 4,516 4,488 4,815 57,493 65,628