Question
Using the following information, calculate the operating profit margin ratio for the Sleepy Z Ranch in 2021: Net Farm Income 2021: $100,000 Interest Expense: $20,000
Using the following information, calculate the operating profit margin ratio for the Sleepy Z Ranch in 2021:
Net Farm Income 2021: $100,000
Interest Expense: $20,000
Living Cost: $50,000
Other Income: $10,000
Gain (loss) on sale of Capital Items: $0
Value of Farm Production: $800,000
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The Operating Profit Margin Ratio is a type of profitability ratio that measures a companys profitab...
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
