Question
Taco Hut is a restaurant chain that has 3 restaurants located throughout Canada, each of which is an investment centre. The companys 20x9 financial information
Taco Hut is a restaurant chain that has 3 restaurants located throughout Canada, each of which is an investment centre.
The companys 20x9 financial information is as follows:
|
| Restaurant 1 | Restaurant 2 | Restaurant 3 |
| Revenues | $894662 | $1283980 | $665662 |
| Variable costs | 194228 | 329933 | 200747 |
| Fixed costs | 378185 | 582547 | 375549 |
| ROI | 38.1% | 28.6% | 15.0% |
| RI | $237715 | $179271 | $29905 |
Based on the information above, what are Taco Huts total assets?
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ACCOUNTING JOB QUESTIONS AND ANSWERS Trainee Accountants Handbook
Authors: Sterling Libs FCCA
1st Edition
1911037129, 978-1911037125
