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Return again to the beginning situation in I and the figures as given there.However, the number of meals served declines 10% with unchanged average price
Return again to the beginning situation in I and the figures as given there.However, the number of meals served declines 10% with unchanged average price per meal and operating costs.Still, RR decides to pay the same dollar amount of dividends as it did in IV above.If necessary, RR draws from its bank credit line (i.e., increases bank borrowing).
What are RR's profits for the year, ROE, retained earnings and change in cash between the start and end of the year?Show the new balance sheet.
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