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Please help!! P 4 . 7 You have the following information from a restaurant operation: Balance Sheets, December 3 1 Income Statement ( Condensed )
Please help!! P You have the following information from a restaurant operation:
Balance Sheets, December
Income Statement Condensed
For the Year Ending December
"Sales revenue consisted of cash, eredit cards, and accounts receivable.
From the information given, calculate the following:
i Accounts receivable average collection period based on accounts re
ceivable credit sales revenue for Year
j Total assets to total liabilities for Years and
k Total liabilities to total assets for Years and
I. Total liabilities to stockholders' equity for Years and
m Net return on total assets for Year
n Number of times interest is eamed for Year
Net income to total sales revenue ratio for Year
p Return on stockholders' equity for Year
q Food inventory turnover ratio for Year
r Property, plant, and equipment fixed assets turnover ratio for Year
Comment on any of the calculated ratios that appear unusually high or low
or totally out of range of what is considered acceptable.
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