Question
Answer the following asset turnover question about three agricultural firms. Show all work. a. (5pts) Tiger-Farms has an asset-turnover of 0.4 times per year and
Answer the following asset turnover question about three agricultural firms. Show all work.
a. (5pts) Tiger-Farms has an asset-turnover of 0.4 times per year and an operating profit margin of 20%, what is its rate of return on farm assets?
b. (5pts) Wildcat-Farms has a rate of return on farm assets of 5.4% and an operating profit margin of 16.5%, what is its asset-turnover?
c. (5pts) Kansas-farms has an asset-turnover of two and half times per year and a rate of return on farm assets of 6.5%, what is its operating profit margin?
d. (5pts) Identify the classification of each financial measure provided above, which classification is most important to the farm firm?
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Other Peoples Money
Authors: John Kay
1st Edition
1610397150, 978-1610397155
