You have the following information from a restaurant operation:

From the information given, calculate the following:

a. Working capital for Years 0007 and 0008

b. Current ratio for Years 0007 and 0008

c. Credit card receivables as a percentage of credit card revenue for Year 0008

d. Credit card receivables turnover ratio based on credit card revenue for Year 0008

e. Credit card receivables average collection period ratio, based on credit card revenue for Year 0008

f. Accounts receivable as a percentage of accounts receivable credit revenue for Year 0008 g. Accounts receivable turnover ratio based on accounts receivable credit revenue for Year 0008 h. Accounts receivable average collection period based on accounts receivable credit revenue for Year 0008 i. Total assets to total liabilities for Years 0007 and 0008 j. Total liabilities to total assets for Years 0007 and 0008 k. Total liabilities to stockholders’ equity for Years 0007 and 0008.
l. Net return on total assets for Year 0008 m. Number of times interest is earned for Year 0008 n. Net income to total revenue ratio for Year 0008 o. Return on stockholders’ equity for Year 0008 p. Food inventory turnover ratio for Year 0008 q. Property, plant, and equipment (fixed assets) turnover ratio for Year 0008 Comment on any of the calculated ratios that appear unusually high or low or totally out of range of what is considered acceptable.

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Balance Sheets, December 31 Assets Cash Credit card receivables Accounts receivable Food inventory Prepaid expenses Year 0007 Year 0008 $ 6,100 7,920 $ 11,200 9,240 5,280 6,160 14,600 13,900 3,800 4,500 Land Building 32,000 32,000 315,800 323,200 Equipment Furnishings 66,640 73,200 16,660 18,300 Accumulated depreciation Total Assets Liabilities & Stockholders' Equity Accounts payable Bank note payable ( 113,700) ( 124,500) $355,100 Year 0007 $ 16,700 $367,200 Year 0008 $ 12,500 4,900 3,600 Income tax payable 12,500 12,600 Accrued expenses payable 7,100 7,500 Mortgage payable (current) 10,400 12,100 Long-term mortgage payable 192,000 180,900 Common stock 10,000 10,000 Retained earnings 101,500 128,000 Liabilities & Stockholders' Equity $355,100 $367,200