1. Mr. Parker has just been hired as a financial manager in a restaurant. His first responsibility is to examine the balance sheet and income statement of the company for 2020 and decide on the financial health of the restaurant. However due to technical mistake, the data comes in a non-formatted form with some missing information as presented below (the values are in thousands).

Accounts payable	6,700
Accounts receivable	6,900
Accrued wages and taxes	1,100
Cash and marketable securities	4,000
Common stock and paid-in	15,500
Cost of goods sold	53,200
Depreciation expense	500
Dividends paid	560
Interest expense	1,000
Inventory
Long-term debt
Net plant and equipment	21,100
Net sales	65,400
Notes payable	4,900
Operating Expenses	8,700
Other long-term assets	11,000
Retained earnings
Tax expense	600

Mr. Parker realized that in order to calculate some of the missing information in the financial statements of the company, he needs additional data. He has also downloaded some financial ratios of the company.

	2020	Industry Average 2020
Current ratio	1.5118	1.9 times
Quick ratio		1.1 times
Inventory turnover ratio	6.4096	8.0 times
Total asset turnover ratio		1.4 times
Total debt ratio	0.6374	0.6 times

Times interest earned		6.6 times
Profit margin		2.30%
ROA		3.20%
EPS	1.3000

1. By using the information provided prepare formatted balance sheet, income statement and calculate the missing values in the financial statements of the company and missing financial ratios. Please round the numbers in the Balance Sheet and Income Statement to the nearest hundred dollars. For example, if you calculate a number to be $1,024 after rounding, this number is going to be $1,000.
2. Calculate the Return on Equity (ROE) for the restaurant's and its Industry by using the Du Pont Identity and using values from 2020.
3. Calculate the rate of growth for the restaurant's in a year using numbers from 2020 if it uses the retained earnings and debt as a source of financing this growth while keeping a constant debt ratio.
4. Calculate the rate of growth for the restaurant's in a year if it uses only the retained earnings as a source of financing and changes its dividend payout ratio to 60%. (Please note that the new dividend payout ratio will change some of the numbers in the balance sheet of the company. Both left- and right-hand side of the balance sheet will change by the same amount.)