1. The Average Days of Receivables, if the Receivables are on the Fun Center revenue only, is ________ days 2. The Average Days of Inventory is ________ days 3. The Average Days of Accounts Payable is ________ days 4. The Average Depreciation Life is ________ years 5. The Average Income Tax Rate is ________ percent 6. The Average Interest Rate on Extra Bank Loan is ________ percent 7. The Average Interest Rate on Extra Bank Loan is ________ percent Format: Enter percent numbers as whole number percents, without a percent sign, and accurate to 2 decimal places (Example: "twenty-two percent" is "22.00"); enter all other numbers accurate to 2 decimal places. DISCOUNT FUN CENTER AND STORE
		Historical Year 1
OUTSIDE NUMBERS / ASSUMPTIONS
Fun Center Hourly Price		$7.00
Yearly Hours of Fun Center		35,000.00
Board Games Cost to store		$10.00
Board Games Price to public		$20.00
Yearly Sales of Board Games		1,000.00
Average Days - Accounts Receivable (Fun Center only)
Average Days - Inventory
Average Days - Accounts Payable (COGS)
Average Depreciation Life
Average Income Tax Rate
Average Interest Rate on Extra Bank Loan
INCOME STATEMENT
Revenue
	Fun Center Revenue	$245,000
	Board Game Revenue	$20,000
Cost of Goods Sold		$10,000
Operating Expenses
	Fun Center Labor	$80,000
	Board Game Labor	$10,000
	General and Admin	$15,000
Depreciation		$46,667
Mortgage Loan Interest		$69,678
Extra Bank Loan Interest		$17,544
Taxable Income		$16,112
Income Tax Expense		$2,405
Net Income		$13,706
BALANCE SHEET
Assets
Minimum Cash Inventory		$1,000
Extra Cash Above Minimum		$-
Accounts Receivable		$20,137
Inventory		$822
Land		$50,000
Buildings		$1,400,000
Accumulated Depreciation		$46,667
Total Assets		$1,425,292
Liabilities and Owners Equity
Accounts Payable		$548
Mortgage Loan		$989,842
Extra Bank Loan		$146,196
Common Stock		$275,000
Retained Earnings		$13,706
Total Liabilities and Owners Equity		$1,425,292
DFN