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Question 8 B pts Suppose that you own a farm and want to evaluate the farm's profitability by examining the returns generated from the farm

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Question 8 B pts Suppose that you own a farm and want to evaluate the farm's profitability by examining the returns generated from the farm assets. Looking at the beginning balance sheet created at the beginning of last year), you see your total asset value to be $897,577. Looking at the ending balance sheet (at the end of last year, you see a total asets entry of $1,050,388. On this fictional farm's income statement, you see an Interest expense of $23,092, a net income of $92,000, and an allowance of $21.425 for your labor and managerial expertise is the owner-operator of the farm. What is your rate of return an assets (ROA, expressed as a decimal number? HINT: adjust the net income to figure returns to assets, then compute the average total asset value Your class slides will be of great use here

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