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a. Complete the Vertical Analysis for Berties Restaurant. b. Bertie is seeking a loan from the bank which has a standard that the cash %
a. Complete the Vertical Analysis for Berties Restaurant.
b. Bertie is seeking a loan from the bank which has a standard that the cash % should be more than 6%. Should Bertie receive the loan? Why not?
c. Give Bertie one suggestion to increase the cash %.
Bertie's Restaurant Balance Sheet December 31, This Year | ||
| $ | % |
ASSETS |
|
|
Current Assets |
|
|
Cash | 57,317 |
|
Marketable Securities | 130,769 |
|
Net Receivables | 80,000 |
|
Inventories | 34,545 |
|
Total Assets | 1,262,127 |
|
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