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I attached the questions underneath. I need help answering the questions that follow the table. Thanks. ii The IODDO Lakes Caf Income Stabement For the

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I attached the questions underneath. I need help answering the questions that follow the table. Thanks.

image text in transcribed
ii The IODDO Lakes Caf Income Stabement For the year ended December 31, 20X5 Mum Fend % Am Cost d Fond sm Gms; mm i'uyrcfl] mum "ha and Employee Benefits tm and Dry Cleaning mailing am W and Maintenance ama Expenses Emi (Wanting Expenses [name 11fo Lmdistribuhad Operating Expenses Rent mm mm ' Wnba [mai fixed Charges weave Income Taxes We Taxes Balance Sheets December 31, ZOXS and December 31, 20X4 Assets Current Assets Cash 5 36500 Accounts Receivable BAOO Food Inventory SEEK) Prepaid Expenses 2:600 Total Current Assets 47500 Pmpefiy and Equipment hand 5 30,000 Building 960,000 Maiture and Equipment 248300 w Accumulated Depreciation 35,000 mi, Glassware and Silver ISEOOO m Property and Equipment SS 1,22'1,000 5 '1,268,500 LiaPilEis 4 . ' ' hyhble 5 25,000 "expenses 7,000 mum of Long-Term Debt IBDUO " mrrem Liabilities 48900 mm Wants of The 10,000 Lakes Caf are as foHows: FE??? $ sum amc 5500 7 am 45500 $ gemma zszxm ammo mm) $1,231,000 $1,276,500 Sa 21300 9,000 1 6 mo mme' tumour ratio for 20x5 r > n period for 20x5 , ' g cash flows to current liabilities ratio for 20x5 (mum. "mu" ,500 for 20x5) L ' 'MMN Operating cash flows to total liabilities ratio for zoxs (Am al v It i v

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