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Farm Business Analysis. Use the following information to calculate the ratios below. Enter only numerical values and round two decimal places. Gross Sales S500,000 Total

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Farm Business Analysis. Use the following information to calculate the ratios below. Enter only numerical values and round two decimal places. Gross Sales S500,000 Total Costs $440,000 Depreciation Expense (part of total costs) $80,000 Total Interest expense (part of total costs) $70,000 Net Farm Income from Operations $60,000 Value of all assets $2.000.000 Total non-farm income $32,000 Family living expenses $60.000 Term debt payments next year S110.000 a. Asset turnover ratio: (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 35%) QUESTION 27 b. Interest Expense Ratio (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 35%) QUESTION 28 c.Net farm income from operations ratio (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 55%) Total non-farm income Family living expenses Term debt payments next year $32,000 $60,000 $110,000 a. Asset turnover ratio: (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 35%) QUESTION 27 b. Interest Expense Ratio (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 35%) QUESTION 28 c.Net farm income from operations ratio (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 3596) QUESTION 29 Depreciation expense ratio: (enter a ratio value NOT a percent-for example, you would enter 0.35 rather than 35 or 35%)

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