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why is it still wrong? You are considering investing in the bed and breakfast (B&B) industry. Two B&Bs, Burleigh Heaven and Miami Paradise, have been

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why is it still wrong?
You are considering investing in the bed and breakfast (B&B) industry. Two B&Bs, Burleigh Heaven and Miami Paradise, have been shortlisted for your consideration. Both companies are about the same size, with similar assets and sales. The following is extracted from their statements of cash flows for the year ended 31 December 2016. Burleigh Heaven Miami Paradise Receipts from customers $ 91,889 $ 67,547 (65,593) (59.677) Cash payment to suppliers and employees Interest received 517 306 Interest and other costs of finance paid (6,896) (17.731) Income taxed paid (16,591) (11.889) The statements of financial position as at 31 December 2016 show the following balance for cash and cash equivalent for the two companies Burleigh Heaven Miami Paradise Cash and cash equivalent 6,715 4.170 (a) * Your answer is incorrect Calculate the cash to daily expenses ratio for both companies (Round answers to 1 decimal place. es. 15.6) Burleigh Heaven Miami Paradise Cash to daily expenses 01 days 01 days Save for Later Attempts: 2 of 3 used Submit

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