I need help answering all of the requirement questions

APPLY YOUR KNOWLEDGE Serial Case The Cheesecake Factary lacorgorated (NASDAG CARE ptes over 200 restaast and ino bakeries in the United St o its heo boones, it hakrs and peepares moe ers and otailers. The Cheesecake Facsory's issemiories of od ad uoplies bakery raw mdcils, n bakery fisished poods To account for its imessory, the The Choesecake follows Salance Sheet: Candensed and adapted far educational use ecember 23, 201 4542 Prepaid espee Tatalother assets Liablities and Seockhalders Equiey otal cument labilities 5 Nourrent 313.585 28 Common stoc k Retained ermirge Tatal labilities and stockholders equity nation presensed here should nst be used for invesoment decisions 5Note Finone l nventory and Cost of Goods Sold 359 The Cheesecake Factory Incorporated Consolidated Statements of Income: Condensed and adapted for educational use Fiscal Year 2015 2016 2014 5 Revenues 6 Costs and expenses 2.275,719 2,100,609 Ls_ 1976,624 Cost of sales 490,306 646,102 82,835 612,650 89 44,731 59,998 88,010 700 04,031 684818 85,563 Depreciation and amortization expense Other ex 10 660 otal costs and expenses 12 Income from operations 13 Interest and other expense net 14 Income before income taxe 15 Income tax 16 Net income 200,993 138,544 191768 52.27442.829 18 Note Financial 19 hee should mot be used for investment decisions rom The preceding should not be used for investment decisions Requirements I. Give an example of an item that could be found in each of the following types of inventory financial statements have been condensed and adapted for educational use and for The Cheesecake Factory a. Restaurant food and supplies b. Bakery finished goods and work in progress inventory c. Bakery raw materials and supplies ance of the company's inventory at January 3, 2017? At December 29, 2015? cost of sales for fiscal year ended January 3, 2017? For fiscal year ended December 29. 2. In which financial statement is The Cheesecake Factory's inventory found? What is the bal- 3. In which financial statement is The Cheesecake Factory's cost of sales found? What is its 2015? For fiscal year ended December 30, 2014? gross profit percentage improve or deteriorate from 2015 to 2016? cake Factory's inventory balance as of December 30, 2014, was $33,255 thousand.) Did the 4. Calculate The Cheesecake Factory's gross profit percentages for 2016 and 2015. Did its 5. Calculate The Cheesecake Factory's inventory turnover for 2016 and 2015. (The Cheese- company's inventory turnover speed up or slow down from 2015 to 2016? 6. Next, calculate the days' inventory outstanding for 2016 and 2015. Do the number of days inventory outstanding make sense for The Cheesecake Factory? Why or why not? APPLY YOUR KNOWLEDGE Serial Case The Cheesecake Factary lacorgorated (NASDAG CARE ptes over 200 restaast and ino bakeries in the United St o its heo boones, it hakrs and peepares moe ers and otailers. The Cheesecake Facsory's issemiories of od ad uoplies bakery raw mdcils, n bakery fisished poods To account for its imessory, the The Choesecake follows Salance Sheet: Candensed and adapted far educational use ecember 23, 201 4542 Prepaid espee Tatalother assets Liablities and Seockhalders Equiey otal cument labilities 5 Nourrent 313.585 28 Common stoc k Retained ermirge Tatal labilities and stockholders equity nation presensed here should nst be used for invesoment decisions 5Note Finone l nventory and Cost of Goods Sold 359 The Cheesecake Factory Incorporated Consolidated Statements of Income: Condensed and adapted for educational use Fiscal Year 2015 2016 2014 5 Revenues 6 Costs and expenses 2.275,719 2,100,609 Ls_ 1976,624 Cost of sales 490,306 646,102 82,835 612,650 89 44,731 59,998 88,010 700 04,031 684818 85,563 Depreciation and amortization expense Other ex 10 660 otal costs and expenses 12 Income from operations 13 Interest and other expense net 14 Income before income taxe 15 Income tax 16 Net income 200,993 138,544 191768 52.27442.829 18 Note Financial 19 hee should mot be used for investment decisions rom The preceding should not be used for investment decisions Requirements I. Give an example of an item that could be found in each of the following types of inventory financial statements have been condensed and adapted for educational use and for The Cheesecake Factory a. Restaurant food and supplies b. Bakery finished goods and work in progress inventory c. Bakery raw materials and supplies ance of the company's inventory at January 3, 2017? At December 29, 2015? cost of sales for fiscal year ended January 3, 2017? For fiscal year ended December 29. 2. In which financial statement is The Cheesecake Factory's inventory found? What is the bal- 3. In which financial statement is The Cheesecake Factory's cost of sales found? What is its 2015? For fiscal year ended December 30, 2014? gross profit percentage improve or deteriorate from 2015 to 2016? cake Factory's inventory balance as of December 30, 2014, was $33,255 thousand.) Did the 4. Calculate The Cheesecake Factory's gross profit percentages for 2016 and 2015. Did its 5. Calculate The Cheesecake Factory's inventory turnover for 2016 and 2015. (The Cheese- company's inventory turnover speed up or slow down from 2015 to 2016? 6. Next, calculate the days' inventory outstanding for 2016 and 2015. Do the number of days inventory outstanding make sense for The Cheesecake Factory? Why or why not