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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!! P4.7 You have the following information from a restaurant operation:
Balance Sheets, December 31
Income Statement (Condensed)
For the Year Ending December 31,0008
"Sales revenue consisted of 26% cash, 62% eredit cards, and 12% 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 0008
j. Total assets to total liabilities for Years 0007 and 0008
k. Total liabilities to total assets for Years 0007 and 0008
I. Total liabilities to stockholders' equity for Years 0007 and 0008
m. Net return on total assets for Year 0008
n. Number of times interest is eamed for Year 0008
Net income to total sales revenue ratio for Year 0008
p. Return on stockholders' equity for Year 0008
q. Food inventory turnover ratio for Year 0008
r. Property, plant, and equipment (fixed assets) turnover ratio for Year
0008
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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