Question
You have the following information about an agribusiness farm: Asset turnover ratio= 0.65 Average total assets= $606,500 Depreciation expense ratio=0.15 or 15% Operating expenses= $246,000
You have the following information about an agribusiness farm:
Asset turnover ratio= 0.65
Average total assets= $606,500
Depreciation expense ratio=0.15 or 15%
Operating expenses= $246,000
Find the operating expense ratio given the information above.
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
