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E 4 . 1 A restaurant reported the following current assets: cash $ 1 1 , 2 0 0 , credit card receivables $ 8

E4.1 A restaurant reported the following current assets: cash $11,200, credit
card receivables $808, accounts receivable $260, food inventory $4,482,
and prepaid expenses, $1,220. Current liabilities total $6,912. Answer the
following:
a. Calculate the current ratio.
b. Calculate the quick ratio (acid test ratio).
E4.2 Referring to information in P4.1 calculate working capital and describe
what it means.E3.5 Based on the following, determine the average check per guest.
E3.6 Based on the following, determine the average cost of sales revenue per guest.E3.3 Complete a common-size vertical analysis of the following condensed in-
come statement.
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