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Use the information below to answer the questions about Farmer Brown. Receipts from carrot sales $250,000 Interest expense 28,000 Receipts from rabbit sales 95,000 Average

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Use the information below to answer the questions about Farmer Brown. Receipts from carrot sales $250,000 Interest expense" 28,000 Receipts from rabbit sales 95,000 Average Asset Value 600,000 Variable cash expenses 175,000 Average Net Worth 250,000 Value of unpaid family Fixed cash expenses 90,000 3,000 labor Depreciation 35,000 Opportunity Costs Change in Inventory 1000 Own labor 23,000 Gain/loss on capital assets 1,500 Own Management 6,000 Capital 5% ("Note: The "interest paid" has already been included in the expenses in the left-hand column but is listed separately so that you can use it in some calculations, as needed.) ALL ANSWERS NEED TO BE INPUTED AS $## ###. If you miss the $ or the comma, the answer will be counted wrong. If it is a percent, you need to input is as #.#% What is Net Farm Income from Operations? $46,000 What is Net Farm Income? $47,500 What is Rate of Return on Assets 7.0% What is Rate of Return on Equity? 5.6% What is the return to labor and management? $44,000

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