Moore's Family Restaurant Assets & Liabilities as of 12/31/17 Assets & Liabilities projected to 12/31/18 ASSETS ASSETS Cash $492,118.00 Cash $589,118.00 Accounts Receivable $29,000.00 Accounts Receivable $49,095.00 Inventories $30,000.00 Inventories $30,000.00 Prepaid Expenses $2,000.00 Prepaid Expenses $11,000.00 Total Current Assets $553,118.00 Total Current Assets $679,213.00 Building $727,460.97 Building $760,000.00 Equipment $14,500.00 Equipment $18,000.00 Fixtures $33,320.00 Fixtures $35,500.00 Total Fixed Assets $775,280.97 Total Fixed Assets $813,500.00 Total Assets $1,328,398.97 Total Assets $1,492,713.00 LIABILITIES LIABILITIES Accounts Payable $57,432.00 Accounts Payable $137,566.00 Wages and Benefits Due $16,516.59 Wages and Benefits Due $29,543.00 Estimated Taxes and Fees $6,013.00 Estimated Taxes and Fees $8,013.00 Total Current Liabilities $79,961.59 Total Current Liabilities $175,122.00 Long Term Loan $70,000.00 Long Term Loan $70,000.00 Total Long-Term Liabilities $70,000.00 Total Long-Term Liabilities $70,000.00 Owner Equity $1,178,437.38 Owner Equity $1,247,591.00 Total Liabilities and Owner Equity $1,328,398.97 Total Liabilities and Owner Equity $1,492,713.00

1.What is the profit margin on sales for 2018? Round the answer to the nearest whole percentage and show the percent (%) sign.

2.What is the current ratio for 2018?

3.What is the average collection period for 2018? Assume there are 365 "selling days" in the year. Show the answer rounded to the nearest whole number.

4.What is the fixed asset turnover for 2018?