I am concluding that Frederick is the better farmer/businessman. When comparing the financials of the two farmers, Frederick's consistently demonstrated higher production per acre of land allotted him. Ivan ended up with higher net income and more assets at the end of the year, but when calculated into common terms was actually less productive overall.
Finding of Facts.
Since the two farmers were not given equal plots, in order to make them comparable a common factor must be used in their analyses. In order to put both Ivan and Frederick in common terms, acres of land were…
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