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Need help calculating this, been stuck for a while, will vote for like! 8. (19 points) Use the following information to compute values for each

Need help calculating this, been stuck for a while, will vote for like!

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8. (19 points) Use the following information to compute values for each of the profitability measures listed below. Evaluate each of the measures: weak, fair, strong (or if $ value how you would rate it). U.R. Rancher Income Statement December 31, 2021 Revenue: Cash crop sales $112,000 Case livestock sales $141,000 Inventory changes: Crops -$400 Market livestock $12,000 Misc. supplies $1,800 Livestock product sales $0 Government program payments $0 Gains/Loss from sale of culled breeding stock $2,400 Custom work $3,400 Other farm incomes $3,000 Gross revenue $275,200 Expenses: Purchased feed and grain $11,600 Purchased market livestock $45,000 Other cash operating expenses: Fertilizer and chemical expenses $10,800 Seed purchased $3,800 Vet and health expenses $2,200 Fuel, oil $5,600 Labor $24,800 Repairs, maintenance $5,600 Property taxes $4,200 Insurance $2,600 Misc. expenses $2,800 Depreciation $15,000 Total operating expenses $134,000 Net farm income from operations Other Revenues and Expenses: Cash interest paid $41,800 Change in interest payable $0 Total interest expense $41,800 Gain/loss on the sale of capital assets Machinery $5,200 Land $0 Total gain/loss on sale of capital assets $5,200 Net farm income 666667777 777777777

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