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Calculate the depreciation expense ratio and the interest expense ratio based on the following income staten INCOME STATEMENT Revenues Livestock Crops Government Payments Custom Work

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Calculate the depreciation expense ratio and the interest expense ratio based on the following income staten INCOME STATEMENT Revenues Livestock Crops Government Payments Custom Work Total Revenues $105,800 83,700 3,600 6,600 $199,700 Expenses Chemicals Feed Fertilizer Gas, Fuel Oil Insurance Hired Labor Rent Repairs and Maintenance Seeds Supplies Property Taxes Utilities Vet and Medicine Machine Hire Other Deprecation Interest Total Expenses $1,600 40,000 20,000 5,000 5,000 14,500 3,000 5,000 4,000 3,000 11,400 2,000 1,000 2,000 2,000 7,000 24,000 $150,500 Net Farm Income (before taxes) $49,200 43%, 2596 15% 18% 2 296, 31% O 3.5%, 12%

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