rant chain in New England. Help her calcul 5. Rachel owns a franchise restaurant, which is part of a large restaurant vertical analysis of her balance sheet. Rachel's Restaurant Balance Sheet December 31 This Year ASSETS Current Assets Cash 57.317 130,769 Marketable Securities Net Receivables Inventories Total Current Assets 80,000 34,545 248,837 Investments Property and Equipment Land Building Furnishings and Equipment Less Accumulated Depreciation Total Property and Equipment-Net 206,053 418,665 205,556 135,129 Test Your Skills 149 Other Assets Total Assets 15,814 TABILITIES AND OWNERS'EOUT Current Liabilities Accounts Payable Notes Payable 1.12.199 31.005 Other Current Liabilities Total Current Liabilities 147.907 Long-Term Liabilities Long-Term Debt Total Liabilities 218,272 Owners' Equity Common Stock Paid in Capital Retained Earnings Total Owners' Equity 78.947 324,324 318,333 TOTAL LIABILITIES AND OWNERS' EQUITY Rachel has been given by her regional franchise services director manager some balance sheet percentage averages for chain-operated units. Select percentages of the chain-operated units are given as follows: Select Chain Percentages (Vertical Analysis) Cash 6.70% Inventories 1.30% Accounts Payable 10.50% Notes Payable 1.10% a. Compare Rachel's cash % with the chain units' %. Is it higher or lower? What does this mean? b. Compare Rachel's inventories % with the chain units' %. Is it higher or lower? What does this mean? C. Compare Rachel's accounts payable % with the chain units' %. Is it higher or lower? What does this mean d. Compare Rachel's notes payable % with the chain units' %. Is it higher or lower? What does this mean T a m Question 1. Rachel now wants to complete a