Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following data to calculate the profitability and efficiency measures listed below: Gross revenue $185,000 Value of farm production $167,000 Net farm income $

Use the following data to calculate the profitability and efficiency measures listed below:

Gross revenue $185,000

Value of farm production $167,000

Net farm income $ 48,000

Interest expense $ 18,000

Value of unpaid labor $ 31,000

Opportunity cost on farm equity $ 17,300

Total asset value:beginning $400,000

ending $430,000

Farm equity: beginning $340,000

ending $352,000

CALCULATE THE FOLLOWING;

a Rate of return on assets

b Rate of return on equity

c Asset turnover ratio

d Return tomanagement

e Net farm income from operations ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Economics questions

Question

If 0 Answered: 1 week ago

Answered: 1 week ago

Question

What is the financial outlook of the organization?

Answered: 1 week ago

Question

What are the attributes of a technical decision?

Answered: 1 week ago