questions # 4,5,6, & 7

Use the following information to answer the questions. Each correct answer earns 3.57 points. There is no partial credit. Your answer is either is right or it is wrong $500,000 $650.000 $100.000 $30.000 $20,000 Gross Sales Total Costs Depreciation included in total costs Total Interest Expense included in total costs) Interest on term debt and capital leases (included in total interest expense) Net Farm Income From Operations Value of Al Assets Total Nonfarm Income Family Living Expenses Total Debt Payments Next Year 550.000 $2,000,000 $30 000 $50,000 SH0.000 2.5 1. Calculate the cash available for term debt and capital lease coverage ratio 500,000 - 450,000 1.5 20,000 2. Calculate the overall economic efficiency ratio 150,000 - 50.com 0.6 6.6 500,000 3. Calculate the asset turnover ratio 0.25 2.000.000 500,000 = 0.25 4. Calculate the interest expense ratio 100,000 - 2 50,000 5. Calculate the depreciation expense ratio. 100,000 = 0.2 500,000 0.2 6. Calculate the operating expense ratio. - Devet 500,000 7. Net farm income from operations ratio. 50.000 - 0.1 500,000 0.1 Use the following information to answer the questions. Each correct answer earns 3.57 points. There is no partial credit. Your answer is either is right or it is wrong $500,000 $650.000 $100.000 $30.000 $20,000 Gross Sales Total Costs Depreciation included in total costs Total Interest Expense included in total costs) Interest on term debt and capital leases (included in total interest expense) Net Farm Income From Operations Value of Al Assets Total Nonfarm Income Family Living Expenses Total Debt Payments Next Year 550.000 $2,000,000 $30 000 $50,000 SH0.000 2.5 1. Calculate the cash available for term debt and capital lease coverage ratio 500,000 - 450,000 1.5 20,000 2. Calculate the overall economic efficiency ratio 150,000 - 50.com 0.6 6.6 500,000 3. Calculate the asset turnover ratio 0.25 2.000.000 500,000 = 0.25 4. Calculate the interest expense ratio 100,000 - 2 50,000 5. Calculate the depreciation expense ratio. 100,000 = 0.2 500,000 0.2 6. Calculate the operating expense ratio. - Devet 500,000 7. Net farm income from operations ratio. 50.000 - 0.1 500,000 0.1