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Use the following data to answer the next 5 questions: Last year, your neighbor ran a frozen yogurt shop and received the following year-end information

Use the following data to answer the next 5 questions:

Last year, your neighbor ran a frozen yogurt shop and received the following year-end information about last years operations from his accountant (assume the following amounts are account balances at the end of the year):

Cash: $6,787

Revenue: $136,893

Accounts Receivable: $435

Direct Material Expenses: $39,450

Direct Labor Expense: $48,563

Depreciation Expense: $5,000

Inventory: $8,575

Promotion (marketing) Expense $6,500

Interest Expense: $8,790

Sales, Gen. & Administrative (SG&A) Expense: $4,500

Property Plant and Equipment: $75,000

Accumulated Depreciation: ($5,000)

Accounts Payable: $1,707

Current Debt: $10,000

Common Stock: $50,000

Retained Earnings: $24,090

1, what was the contribution margin amount for the Frozen Yogurt shop last year?

2, what was the total assets for the Frozen Yogurt shop at the end of the year?

3, What was the net income for the Frozen Yogurt shop last year?

4, What was the leverage ratio for the Frozen Yogurt shop last year?

5, What was the days of working capital for the Yogurt Shop last year? (rounded to the nearest day)

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