EXERCISE 3 (Continued) 

 Fixed Capital * 



Circulating Capital 



* In these tables use values only. 



2. What did you find to be the average cost of land per acre? 



3. What is the average size of farms in acres? 



4. What per cent of total capital was invested in fixed capital and what 

 per cent was invested in working capital? 



5. What per cent of fixed capital was invested hi land, buildings, equip- 

 ment and stock? Consider each item separately. 



! "..; :'. :.' '. ;. .' ' - -; 



6. What per cent of circulating capital was invested in labor, feed and 

 miscellaneous expenses? Consider each item separately. 



7. In your opinion, what would be the effect of too great a proportion 

 of fixed capital? 



8. What amount of capital would be required per bird on an average- 

 sized poultry farm? 



18 



