Question
Item Value Gross revenue $50,000 Operating expenses $15,000 Depreciation $2,000 Interest expense $0 NFIO (Net Farm Income from Operations) $35,000 Nonbusiness income $15,000 Taxes $2,500
Item Value Gross revenue $50,000 Operating expenses $15,000 Depreciation $2,000 Interest expense $0 NFIO (Net Farm Income from Operations) $35,000 Nonbusiness income $15,000 Taxes $2,500 Principal $2,500 Interest $2,000 Family living expenses $15,000
Please find:
Return on assets
Operating profit margin
Asset turnover ratio
Term debt coverage ratio
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
