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Crops & feed revenue $ 245,400 Livestock and livestock product revenue 315,000 Total nonfarm income 11,000 Total farm operating expenses 440,700 Depreciation expense 55,500 Income

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Crops & feed revenue $ 245,400 Livestock and livestock product revenue 315,000 Total nonfarm income 11,000 Total farm operating expenses 440,700 Depreciation expense 55,500 Income tax expense 10,730 Interest expense 85,962 Withdrawals for family living 30,000 Principal payments on unpaid operating debts 0 Principal payments on current portions of debt & leases 30,800 a) (5pts) Calculate capital replacement and term debt repayment capacity for Tiger-Farms. b) (5pts) Calculate capital replacement and term debt repayment margin (CRDRM) for Tiger-Farms. c) (5pts) Estimate the percent that crop revenue and livestock revenue can decline and still maintain positive CRDRM. d) (5pts) Estimate the percent operating expenses and interest expenses can increase and still maintain positive CRDRM

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