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answer in excel Over the course of the evaluation year, the farm had cash operating outflows of $204,725.00, and in addition paid $26,795,00 in interest

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Over the course of the evaluation year, the farm had cash operating outflows of $204,725.00, and in addition paid $26,795,00 in interest during the year. Of the operating cash outflows, $8500.00 was for seed they intend to use the following year, however, during the course of last year they did use $6,400,00 worth of fertilizer that they had paid for the year before. They had $17,000.00 in non-cash expenses (management depreciation) over the year. They paid off $47,000.00 in principle payments on their equipment and land loans during the year, and they purchased two breeding cows for $3500.00, and they purchased a new stock trailer for $8,500.00. They did not sell any equipment. The family withdrew $45,000.00 from the farm account for family living. c. (3)In your spreadsheet, calculate accrual expenses (based on Farm Financial Standards) for year based on the above information (hint, there is some information in discussion that is not relevant for the calculation of acerual expenses). f. (3)Calculate Net Farm Income. g. (3) Using the Net Farm Income from part ( 8 ), the interest expense of 526,795.00, the family living withdrawal of $45,000.00, and the Total Asset value of $1,275,000.00 from part (a), calculate Return on Assets using the Farm Financial Standards calculation, and tell me if you think this is a good profitability number, or a poor profitability number

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