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need help with question 5. attached is the information for question 1 with the answer. 5) Using the data in exercise (1) above and the
need help with question 5. attached is the information for question 1 with the answer.
5) Using the data in exercise (1) above and the data below, analyze the profitability of the Farmers' business for 20X3 and 20X4. Include an interpretation of your ratio calculations. (Points: 20) 20X3 20X4 Net farm income from operations $38,600 $35,800 Farm interest expense 4,500 6,000 Owner withdrawals 1,000 1,200 Gross revenues 82,100 85,300 Accrual adjusted net farm income 38,600 35,000
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