Question
Use the following data to calculate the profitability and efficiency measures listed: Gross revenue: $185,000 Value of farm production: $167,000 Net Farm income From operation:
Use the following data to calculate the profitability and efficiency measures listed:
Gross revenue: $185,000 Value of farm production: $167,000
Net Farm income From operation: $48,000 Interest expense: $18,000
Value of unpaid labor and management: $31,000 Total assets value: beginning: $400,000 End: $430,000
Farm equity: beginning: $340,000 End: $352,000
a. rate of return on assets?
b. rate of return on equity?
c. asset turnover ration?
d. operating profit margin ratio?
e. net farm income from operations ratio?
Step by Step Solution
3.43 Rating (150 Votes )
There are 3 Steps involved in it
Step: 1
a Rate of Return on Assets ROA Net Farm Income from Operations Average Total Assets 100 Net Farm Inc...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
Students also viewed these General Management questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App