Question
3. Calculate the ratio analysis below in order to analyze your accounting records. You further have following information: Balance Sheet of May: Assets: Cash :
3. Calculate the ratio analysis below in order to analyze your accounting records.
You further have following information:
Balance Sheet of May:
Assets:
Cash : 11,200
Credit card receivables:9,240
Accounts receivables:6,160
Food inventory:13,900
Prepaid Expenses:4,500
Land:32,000
Building:323,200
Equipment:73,200
Furnishings:18,300
Accumulated depreciation:(124,500)
Total Assets:367,200
Liability and Stockholders Equity
Accounts Payable: 12,500
Bank Note Payable: 3,600
Income Tax Payable: 12,600
Accrued Expenses Payable: 7,500
Mortgage Payable (current): 12,100
Long-term mortgage payable: 180,900
Common stock: 10,000
Retained earnings: 128,000
Liabilities and stockholders equity: 367,200
Required:
a. Current ratio
b. Quick ratio
c. Account receivable turnover ratio
d. Food Inventory turnover ratio
e. Total assets to total liabilities
Restaurant Revenue Rs. 7,82,800.
A total of 200 tables occupied
Food revenue Rs. 10000.
Beverage revenue Rs. 24000.
Number of guest served 150/month.
Restaurant labor cost Rs. 150000.
f. Restaurant labor cost percentage
g. Food cost percentage
h. Beverage cost percentage
i. Restaurant daily seat turnover
j. Beverage to food sales revenue percentage
k. food to beverage sales revenue percentage
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