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Calculate the Operating Profit Margin for 2020 using the following facts: $785,000 $667,000 $100,000 The following information is for the year 2020: Total revenue (total
Calculate the Operating Profit Margin for 2020 using the following facts: $785,000 $667,000 $100,000 The following information is for the year 2020: Total revenue (total gross revenue) Value of farm production Income from operations Farm Interest (expense) Depreciation expense Value (opportunity cost) of operator labor Value (opportunity cost) of operator management Opportunity Interest Rate $18,000 $50,000 $30,000 $20,000 4% $1,000,000 $1,100,000 Total farm asset value: Beginning (1/1/20) Ending (12/31/20) Farm equity Beginning (1/1/20) Ending (12/31/20) $700.000 $750,000 4.76% 4.08% 4.41% 7.50%
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