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answer question J throngh R P4.7 You have the following information from a restaurant operation: Balance Sheets, December 31 Assets Year 0907 Year 2008 Cath

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P4.7 You have the following information from a restaurant operation: Balance Sheets, December 31 Assets Year 0907 Year 2008 Cath $9.100 $ 14.300 Credit card receivables 4.930 6.340 Accounts receivable 3.280 6.160 Food inventory 14,600 13.900 Prepaid expenses 3.800 4.500 Land 32.000 32.000 Building 315.800 123.300 Equipment 66.610 73.300 Furnishings 16.660 18.300 Accumulated depreciation (113.700 134.500) Total Assets $115.100 $167.300 12.500 Liabilities & Stockholders' Equity Year 2007 Year Accounts payable $16.700 $ 12.500 Banknote payable 3.600 Income tax payable 12.600 Accrued expenses payable 7.100 7.500 Mortgage payable (current) 10.400 12.100 Long-term mortgage payable 192.000 10.900 Common stock 10.000 10.000 Retained earnings 101.00 12000 Liabilities & Suckholders Equity 5328.100 5457.200 Income Statement (Condemned For the Year Ending December 31, 2005 Sales revenge $742.000 Cost of sales 5301.900 Operating expenses 81.300 Total Operating costs 1.100) Operating income, before interest 5 59.500 unds Interest expense 19.00 Income before tax $ 20,100 Income tax LO Net Income 527500 Sales revenue comented at 20 ca. 62% and what 12 komas notieke 1 Total assets to total liabilities for Years 0007 and 0008 k. Total liabilities to total assets for Years 0007 and 2008 1. Total liabilities to stockholders equity for Years 0007 and 0008 m. Net return on total assets for Year 0008 n. Number of times interest is cared for Year 0008 0. Net income to total sales revenue ratio for Year 0008 p. Return on stockholders' equity for Year 2008 4. Food inventory turnover ratio for Year 0008 1. Property, plant, and equipment (fixed assets) tumover ratio for Year 0008

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