2018 Net income STATMENT

Calculate and evalute return on assets (ROA) for 2018

Given the values for NFIO and NFI, what is the value for capital adjustment for 2018

$293,328 283,815 577,143 Cash farm income Corn Sales Hog Sales Gross Cash farm income Inventory changes* Corn Total inventory change Gross farm revenue 21.850 21,850 $598,993 $367,800 53,000 Cash farm expenses Depreciation Total operating expenses Total interest expense Total expenses $420,800 $39,000 $459,800 Net farm income from operations (NFIO) $139,193 Capital Adjustments Machinery (sold tractor) Net Farm Income (NFI) $151,693 $45,000 Note: the unpaid labor and management expense was Net Worth Statement (market value) Assets Current assets Fixed assets $403,500 $1,112,500 $450,340 $1.250.000 $426,920 $1,181,250 Total farm assets $1,516,000 $1,700,340 $1,608,170 Liabilities Current liabilities Intermediate liabilities $195,025 $392,000 $190,230 $385,050 $192,628 $388,525 Total liabilities $587,025 $575,280 $581,153 Net Worth $928,975 $1,125,060 $1,027,018 uestion 22 (3 points) Calculate and evaluate the ending debt to equity ratio for 2018. $293,328 283,815 577,143 Cash farm income Corn Sales Hog Sales Gross Cash farm income Inventory changes* Corn Total inventory change Gross farm revenue 21.850 21,850 $598,993 $367,800 53,000 Cash farm expenses Depreciation Total operating expenses Total interest expense Total expenses $420,800 $39,000 $459,800 Net farm income from operations (NFIO) $139,193 Capital Adjustments Machinery (sold tractor) Net Farm Income (NFI) $151,693 $45,000 Note: the unpaid labor and management expense was Net Worth Statement (market value) Assets Current assets Fixed assets $403,500 $1,112,500 $450,340 $1.250.000 $426,920 $1,181,250 Total farm assets $1,516,000 $1,700,340 $1,608,170 Liabilities Current liabilities Intermediate liabilities $195,025 $392,000 $190,230 $385,050 $192,628 $388,525 Total liabilities $587,025 $575,280 $581,153 Net Worth $928,975 $1,125,060 $1,027,018 uestion 22 (3 points) Calculate and evaluate the ending debt to equity ratio for 2018