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Assume Cove Farms has an accounting period running from January 1 to December 3 1 . The tables below show summarized information from Cove Farms'
Assume Cove Farms has an accounting period running from January to December The tables below show summarized information from Cove Farms' income statement for
Inventory values
tableItemsJanuary December Crop$$
A What was the net farm income from operations?
B What was the net farm income?
C What was the adjusted net farm income from operations?
D compute return to labor and management.
E Compute the return on assets ratio.
F compute the return on equity ratio.
G What is the operating profit margin ratio?
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