Question Completion Status: 10 20 30 40 50 7 8 9 109 110 125 130 14 15 16 17 18 199 20 QUESTION 15 5 points Save Answer Use the attached financial statements to answer the following question. Calculate the 2010 net farm income from operations ratio for TDM farms. HW 1-TDM Farms Financial Statements.pdf O a a. 9.1% O b. 10% O c. 49.6% O d. 31.3% QUESTION 16 5 points Save Answer Use the attached financial statements to answer the following question. Calculate the 2010 rate of return on farm assets (ROFA) for TDM Farms. HW 1-TDM Farms Financial Statements.pdf O a. 7.73% O b. 8.03% O c. 30.63% O d. 8.21% Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit Type here to search o 10:34 AM 2/25/2021 2010 $1,200 40,000 1,000 42200 110,000 18,000 290,000 15.000 433.000 $425.200 $10.550 1.582 14,000 20,000 46,132 TDM Farms Balance Sheet ASSETS 2009 Current Assets Cash and equivalents $1,000 Grain and livestock inventory 60,000 Other current farm assets 1.000 Total current assets 62.000 Noncurrent Assets Machinery and equipment 100,000 Buildings 20,000 Land 300,000 Other noncurrent farm assets 15,000 Total noncurrent assets 435.000 Total Farm Assets $497.000 LIABILITIES Current Liabilities Notes payable $15.500 Accounts payable 2.325 Current portion of term debt 12.000 Other current farm liabilities 15,000 Total current liabilities 44,825 Noncurrent Liabilities Deferred portion of term debt 150,000 Total noncurrent liabilities 150,000 Total Farm Liabilities $194.826 NET WORTH Total Net Worth 302.175 Total Liabilities and Net Worth $497.000 TDM Farms Income Statement Value of farm production $139,160 Non-depreciation operating expenses 76,538 Depreciation 15,000 Interest expense 14,571 Net farm income from operations $33.051. TDM Farms Other information Family living withdrawals $25,000 Nonfarm income 0 Income tax expense 9,091 Other income from farm assets 0 Prin payments on current portions term debt cap leases 12,000 Interest payments on term debt and capital leases 13,500 136,000 136,000 S1182.132 293.068 $475,200 $160,034 79,321 16,000 14,570 $50.142 $25,700 0 6,700 0 14,000 12.240