Question
This question and the next five are about the financial statements of RECIPE UNLIMITED CORPORATION, a company that owns more restaurant chains here in Canada
This question and the next five are about the financial statements of RECIPE UNLIMITED CORPORATION, a company that owns more restaurant chains here in Canada than you would ever believe! Kelsey's, Montana's, Swiss Chalet, New York Fries, Burger's Priest, East Side Mario's........the list goes on and on! The statements you need are in Course Materials.
Please find the Current Ratio for December 30, 2018. Your answer should be in the form x.xx----- even if the value before the decimal point is a zero, please put it in.
Now find the Current Ratio for the year ended Dec. 29, 2019. x.xx again as format, please.
Now the Quick Ratio, please, for the year ended Dec. 30, 2018. Only the first two current assets qualify as quick assets. Same format----- x.xx
And now, show me the Quick Ratio for the year ended Dec. 29, 2019.
Find the profit margin percentage for the year ended Dec 30, 2018. Use Net Earnings divided by Total Gross Revenue. Format of answer should be in percent, but do not write the % sign. (So if your calculator answer were 0.04534, you would write 4.53 as your answer, which would mean 4.53%.)
And now, do the same calculation (profit margin percentage) for the year ended Dec. 29, 2019,
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