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Take me to the text Selected financial data from Crew Restaurant is provided below. $62,000 Cash $224 000 Accounts Receivable $258,000 Food Inventory Short-Term investments $43,000 Land and Building $510,000 Current Portion of Long-Term Debt $37,000 Accounts Payable $137000 a) Calculate the quick ratio. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Quick Ratio = b) True or False? A quick ratio of 2.32 shows that the company is likely to meet its short-term cash obligations. . Salee me to the text The income statement of Ellen Restaurant Inc. for the years 2019 and 2020 showed the following gross profit calculation. 2020 2019 Sales Revenue 599,000 581.000 Tost of Goods sold 568 000|554 000 Gross Profit $31000 $27.000 3) Calculate the gross profit margins for both years. Do not enter dollar signs or commas in the input boxes. Round the gross profit margin te 2 decimal places 2019 Gross Profit Margin I Din which year does Bien Restaurant ne have a better gross profit margin? Check Take me to the text At the beginning of 2020, Percolate Wholesale Corp. had inventory of $312,000. It ended the year with inventory of $207,000 after purchasing $478,000 worth of inventory. T cost of goods sold totalled 5590,000. Determine the inventory turnover ratio and the days' sales in inventory: Do not enter dollar signs or commas in the input boxes, For the inventory turnover ratio, round your answer to 2 decimal places. Inventory Turnover For the days' sales in inventory, round your answer to the nearest whole number. Days Sales in Inventory = days Check Take me to the text Hoth Spa has a net accounts receivable opening balance of $188,000 and and ending balance of $227,000. The total sales amount for the year is $991,000, of which 60% is on credit. Calculate the days' sales outstanding and the accounts receivable turnover. Do not enter dollar signs or commas in the input boxes. Round days sales outstanding to the nearest whole number. Days Sales Outstanding days Round accounts receivable turnover to 2 decimal places. Accounts Receivable Turnover = times Take me to the text The following are selected items from Pine Hotel's most recent financial statements. 2020 2019 Food & Beverage Revenue $1,306,000 $1,208,000 Room Rental Revenue $3,609,000 $3,516,000 Number of Rooms 113 113 Occupancy Rate 85% 82% a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the percent of food and beverage revenue to room rental revenue to 1 decimal place. 2020 2019 % % Percent of Food & Beverage Revenue to Room Rental Revenue b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020. Do not enter dollar signs or commas in the input boxes, Round the sales revenue per available room to 2 decimal places, 2020 2019 S Sales Revenue per Available Room $ Over a three-day period, Doyle's Restaurant had the following information. Thursday Friday Saturday Total Revenue $2,400 $2,900 $5,000 Number of Guests 78 86 114 Servers 4 7 12 Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Determine the average sales per server for each day. Thursday Friday Saturday Average Sales per Server $ $ $ b) Determine the average number of guests per server for each day. Thursday Friday Saturday Average Number of Guests per Server