Need help with these questions they are based off the chart. Thanks.
, v. -. "Mw. mw an mun mwmm am mm 1, Compute the food inventory turnover ratio firom the ing Food sales 3545680 Alluwancus 3,(llifi Net sales 34.,[3@U COst of food sold: Beginning inventory $ 2,800 Purchases ' macao Available 107,8BU Ending inventory ],600 Food used 106200 Employee meals 2,200 Cost Of food Sold 104000 Gross profit 55233000 2. A restaurant and beverage operation reported the following for the operating mm of Marsh, which had 27 operating days. Calculate the food inventory turnover ratio. ' Food service inventory on March 1 = 57,312 - Food service inventory on March 31 = $5,628 ' Cost of food consumed = $38,820 3. The cost of food consumed during July totaled 530,300. The beginning food inventory equated 59,000 and the food inventory turnover was 3.1 times. What was the ending food inventory for the month? 4. The Burdette Caf's beginning and ending food inventory for 2014 total $12,000 and $14,000, respectively. Activity during 2014 was as follows: ' Food purchases $160,000 ' Food sales S480,000 What is the food inventory turnover for 2014? 5. Ifa city hotel's food operation has an annual food inventory turnover ratio of 45 times, the average number of days that inventory is on hand is:5 M Robinson otel has th ' ' H x e foiiowmg ratios Deterrnin ' . . e h r v " L > n} r r: 1' fl es the hotcl 5 total annual revenue. 0 Wu hotel assets of the Robinson Hotel: 55,000,000. "in" am J1me! 5 current net income if its Pmfi't margin ratio was 1296 and its net series were % LaSorda Inn's condensed income statement for 2013 and 2014 is as foiiows: 2UX3 20X4 atrium Revenue $3,450,000 $3,675,000 Room department expenses 1,450,000 1,500,000 Undistfibutcd operating expenses 800,(300 875,000 Gras}; operating profit 1,200,000 1,300,000 Fixed charges 400,00[i 450,0m Not opera ting income 800,000 850,000 Interest expense JOOBOO 90,000 Income before taxes 700,000 760300 Income taxes 210,000 228,000 Net income 5 4900in $ 532,000 The LaSorda Inn has 100 guestrooms only and its paid occupancy percentage was 78% and 80% for 2013 and 2014, respectively. Assume all rooms in the hotel were availabie for saie. Caicuiate the following: 8. Profit margin for 2013 9. Profit margin for 2014 10. Operating efficiency ratio (Gross operating profit margin) for 2013 11 Operating efficiency ratio (Gross operating profit margin) for 2014