Need Answers for Task 1 and 3 please

Task 1: [25 marks] Determine the feasibility of a business plan Brian and Nui Soon live in Sudbury. Two years ago, they visited Thailand. Nui. a profes- sional chef, was impressed with the cooking methods and the spices used in the Thai food. Sudbury does not have a Thai restaurant, and the Soons are contemplating opening one. Nui would supervise the cooking and Brian would leave his current job to be the maitre d'. The restaurant would serve dinner Tuesday through Saturday. Brian has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four. Tables can be moved together for a large party. Nui is planning two seatings per evening. and the restaurant will be open 50 weeks per year. The Soons have drawn up the following estimates: Average revenue, including beverages and dessert.. 40 per meal Average cost of the food. 12 per meal Chef's and dishwasher's salaries. $50,400 per year Rent (premises, equipment). $ 4.CCO per month Clearing (linen and premises) .. $ 800 per month Replacement of dishes, cutlery, glasses $ 300 per month Utilities. advertising. telephone 1,900 per month Requirement Compute the annual break-even number of meals and sales revenue for the restaurant. Also. compute the number of meals and the amount of sales revenue needed to earn operating income of $75,600 for the year. How many meals must the Soons serve each night to earn their target income of $75.600? Should the couple open the restaurant? Support your answer. Task 2: [25 marks] Refer to Task 1 above, graph in EXCEL the 'Soons' CVP relationships that are relevant for their situation. Make sure to show the break-even point, sales revenue line, fixed expense line, total expense line, operating loss area, operating income area.Task 3: [25 marks] Table 18-10 La Rue Company reported the following data: INCOME STATEMENT 2017 Sales* $279,355 Cost of goods sold 167,400 Gross margin 111,955 Operating expenses: Sales and marketing expense 31,750 General and administrative expense 19,687 Research and development expense 15,000 Other operating expense Z,882 Total operating expenses 04,319 Operating income 7,636 Interest expense 3,580 Income tax expense 1,419 Net income (loss) $2,637 * All sales are on account. BALANCE SHEET 2017 2013 Assets Current assets: Cash $11,837 $7,200 Accounts receivable, net 15,60 16,800 Inventory 38,000 31,000 Total current assets 65,437 55,000 Property, plant and equipment, net 195,000 68,000 Other long-term assets 15,000 27,100 Total assets $275,437 $250,100 Liabilities Current liabilities Accounts payable $8,500 $7,300 Other current liabilities 1,400 3,900 Total current liabilities 9,90 11,200 Long-term notes payable 54,000 30,000 Total liabilities $ 63,900 $41,200 Shareholders' Equity Preferred shares (1,000 outstanding) $30,000 $30,000 Common shares (20,000 outstanding Dec. 31, 2017) 100,000 80,000 Contributed surplus 31,000 31,000 Retained earnings 50,537 67,900 Total shareholders' equity $211,537 $208,900 Total liabilities and shareholders' equity $275,437 $250,100Other information: 1. The market price of the company's shares on December 31, 2017 was $0.62 A $2 per share dividend was paid on the preferred shares. 4,000 common shares were issued on July 1,2017. An $18,000 dividend was paid on the common shares on November 15,2017 P99.\" Refer to Table 18-10. Determine the results for the following ratios for 2017: 1 Current ratio 2 Inventory turnover 3. Quick ratio 4. Accounts-receivable turnover 5. Debt ratio 6. Times-interest-earned ratio 7. Earnings per share 8 Price/earnings ratio for common shares 9. Based on your above calculated nancial ratios, assess the current 'financial health' of La Rue Company. Based on your accounting knowledge, do you think this a healthy company worth investing in? Explain your reasoning