P4.2 a-k on next page

P4.2 You are provided with the following information regarding current and liabilities of a restaurant operation for successivi Year 0006 Current Assets ear $12,778 Cash S17,765 Credit card receivables 2,442 2,815 Accounts receivable 580 Marketable securities 12,000 16,000 6,100 Inventories 7,100 2,400 Prepaid expenses Total Current Assets $36,300 SA6100 Current Liabilities Year 0006 Year 0002 Accounts payable 10,410 $12,400 Accrued expenses payable 3,760 Taxes payable 6,800 Interest payable 500 Current mortgage payable 11,200 Total Current Liabilities $32,670 $37,700 Calculate the following for Years 0006 and 0007. a. Working capital b. Current ratio c. Quick ratio Sales revenue for Year 0007 is $544,800. The composition of sales rev enue is cash 36%, credit card sales revenue 61.5%, and accounts able credit sales revenue of 2.5%. For Year 0007, calculate the following: d. Credit card receivables as a percentage of credit card sales revenue e. Credit card receivables turnover ratio f, Credit card average collection period g. Accounts receivable as a percentage of accounts receivable credit sa revenue