I realize I do not have anything written on these papers. I have all of the calculations complete on another sheet of paper. I need help with knowing what it means when it says to evaluate. What exactly am I evaluating?
If we cannot read your answer, you will not receive credit for it. Net Worth Statement (market value) Name: Twin Pines Farm Date: 12/31 Assets (market value) Current assets $ 526,750 Liabilities Fixed assets Current liabilities $1,247,000 Intermediate liabilities $175,237 Total farm assets $1,773,750 Total liabilities $392,000 $567,237 Net Worth $1,206,513 Net Income Statement Name: Twin Pines Farm Year: 20XX Cash farm income: Corn sales $117,920 Soybean sales 51,675 Hog sales 317,205 Accrual adjustments 37,500 Gross farm revenue (total income, accrual) $524,300 Cash farm expenses (except interest) $367,800 Interest paid 39,000 Accrual adjustments 13,437 Depreciation 53,000 Total farm expenses (accrual) $473,237 Net farm income $ 51,063 Corn and Hog Inventories Sources and Uses: 20XX Corn Market hogs Market hogs Market hogs bushels Head Pounds $ Sources Beginning inventory 47,600 2,400 260,000 $ 137,000 Production 48,400 2,332 566,500 345,205 Total 96,000 4,732 826,500 $482,205 Uses Sold 22,000 2,100 556,500 $317,205 30,000 Death loss XX XX Fed 32 Ending inventory 44000 2,600 270,000 165,000 96,000 4,732 826,500 $482,205 TotalSize of business Output: Twin Farms Comparison Gross farm revenue Number of pigs sold $502,042 Resources: Total farm assets (market value) 2,100 1,698 Number of sows $1,628,560 Crop acres (200 acres owned, 300 acres rented) 137 104 500 Labor months used 675 Were they larger or smaller? (3 points) 15 17 Physical efficiency Crops: bushels per acre: corn bushels produced / 300 acres 173 Livestock: pigs weaned per litter: head produced / 260 litters 10.3 Evaluation? (3 points) Prices received (sales / units sold) Corn, $/bu. $5.77 Market hogs, $/lb. $.54 Evaluation? (3 points) Economic efficiency 39% Asset turnover ratio Gross farm revenue per person (12 mo. = 1 FTE) $347,450 Evaluation? (4 points) Solvency 18% Total debt-to-asset ratio $1,488,895 Net Worth (market value) Evaluation? (4 points) Liquidity $281,157 Working capital 2.81 Current ratio Evaluation? (4 points) TO Profitability $84,971 Us Net farm income 19% Sol Fed Profit Margin Ratio Evaluation? (4 points) End Tot
