What is Farm Accounting?

May 13th, 2015
Studypool Tutor
Tennessee State University
Course: general
Price: $10 USD

Tutor description

Farm accounting is not just accounting, but an example of a management information system. Which means that a farmer chooses a package designed to maintain all the management information that will allow all the decisions of the operation to be based on good historic information

Word Count: 91
Showing Page: 1/2
RatioA. Earnings per shareFormula and SolutionNet incomeAverage outstanding shares2003$45,901,05427,600,0002002$41,521,61625,900,000$1.66$1.60Net incomeTotal assetsB. Return on assets2003$45,901,054$1,102,785,5062002$41,521,616$933,015,0794.16%4.45%Current assetsCurrent liabilitiesC. Current ratioD. Times interest earnedE. Asset turnover2003$120,604,181$159,589,0092002$92,669,115$148,354,4020.760.62EBITInterest expenses2003$68,416,764$9,561,4822002$64,286,619$4,997,0227.1612.86Total revenueTotal asset2003$1,105,755,057

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