1. Tammy is a farmer and her husband, Frank, works at the local bank. The farm is aligned as a sole proprietorship (family living is not included as a fixed farm expense). Here are the financial numbers:

Gross Revenues (Farm) $472,500 Other Income (Non-Farm) $65,000 Variable Expense (Farm) $230,000 Fixed Expense (Farm) $58,500 Interest Expense (Farm) $131,250 Total Farm Assets $1,312,500 Total Farm Liabilities $775,000 Family Living $45,000

a) Use these numbers to conduct a DuPont Financial Analysis for Tammys farm only. calculate earns, turns, ROA, COD, Spread, Leverage, and ROE below. Do not use the spreadsheet model.