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Use the information provided to compute the Rate of Return on Total Capital. Net farm income = $38,500 Total capital assets = $390,000 Interest paid = $11,000 Opport cost of labor = $15,000 Opport cost of mgmt $5,000 Opport cost of capital 10 percent

Use the information provided to compute the Rate of Return on Total Capital. Net farm income = $38,500 Total capital assets = $390,000 Interest paid = $11,000 Opport cost of labor = $15,000 Opport cost of mgmt $5,000 Opport cost of capital 10 percent

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Use the information provided to compute the Rate of Return on Total Capital. Net farm income = $38,500 Total capital assets = $390,000 Interest paid = $11,000 Opport cost of labor = $15,000 Opport cost of mgmt $5,000 Opport cost of capital 10 percent
Transcribed Image Text:Use the information provided to compute the Rate of Return on Total Capital. Net farm income = $38,500 Total capital assets = $390,000 Interest paid = $11,000 Opport cost of labor = $15,000 Opport cost of mgmt $5,000 Opport cost of capital 10 percent
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