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Please show formulas/calculations and answer both questions (19 & 20). I would really appreciate it. Thank you! 19) Operating Profit Margin Ratio (OPMR). 1 point.

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Please show formulas/calculations and answer both questions (19 & 20). I would really appreciate it. Thank you!
19) Operating Profit Margin Ratio (OPMR). 1 point. Given that an OPMR from 15% H 25 % is good, above 25 % is excellent, but anything below 15 % is poor, determine where Soul Food Farming Company stands, given the following. gross income: $200,000 expenses: $$125,000 value of family labor & management: $50,000 a) excellent b) good c) marginal d) poor e) average OPMR = Operating profit - X 100 net sales Answer: D. 20 Net Farm Income Ratio (NFIR). 1 point. Given that an NFIR from 10 % to 20 % is good, above 20 % is excellent, but anything below 10 % is poor, determine where Down and Out Farm stands, given the following. gross income: $200,000 expenses: $125,000 value of family labor & management: $50,000 a) excellent b) marginal c) good d) poor e) average 100 Net income = total revenues - total expenses expenses x Answer: A

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