E4.3 a and b

Referring to information in P4.1 calculate working capital and describe what it means. On March 31, a restaurant reported credit card sales revenue of $48, 560. Credit card receivables began with a balance of $1, 444 and ended the month with a balance of $1, 220. Answer the following: a. What is the average of credit card receivables? b. What does credit card receivables represent as a percentage of total credit card sales revenue? The following is an extract of restaurant and beverage operation for two months of operations: Referring to information in P4.1 calculate working capital and describe what it means. On March 31, a restaurant reported credit card sales revenue of $48, 560. Credit card receivables began with a balance of $1, 444 and ended the month with a balance of $1, 220. Answer the following: a. What is the average of credit card receivables? b. What does credit card receivables represent as a percentage of total credit card sales revenue? The following is an extract of restaurant and beverage operation for two months of operations