Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have the following information from a restauranter Dalance Sheets. December 31 Assets Year Years Cash | $16.774 Credit card recevable Accounts receive 2.00 Foodiny

image text in transcribed
You have the following information from a restauranter Dalance Sheets. December 31 Assets Year Years Cash | $16.774 Credit card recevable Accounts receive 2.00 Foodiny 3400 Equipment 35.500 Roumd depreciation Equipment 3:20 Furnishing Accumulated deren Furnishings . Total Assets 570.54 Liabilities & Shareholders' Equity Acopy 2460 LO ncome tax payable 3.200 2.54 Acorus pytle Nole payable et 5.000 Long-term 20.000 Commons Redge Liabilities & Stockholders' Equity 5704 22 Income Statement Condensed Year 2003 Bales Cart of Operating per Total Operating costs Operating income, before were Theresante Income before the Income tax Net Income and to From the information given calutate the following Working capital for years and 0603 Comment B. Current ratio for Years 0002 and 0001 c. Ouick ratio (Acid test ratio for Years 0002 and 0063 & Credit card receivable as a percentage of credit card sales revenue for Year 6003 Credit card receivables over rate based on credit sales revenue for Year 000 Credit card receivables average collection period ration credit card sales revenue for Year 6003 Total abilities to stockholders' equity for Year 2003 Return on stockholders for Y6003 Comment Not Income to total sales ratio for Year 2000 Gross margin ratio for Y000 ...Number of times interest in med for Year 100 Receivable ever Average receive Days in Pood Average collection period Return on Stockholders alty Net ge No of me interest are Income You have the following information from a restauranter Dalance Sheets. December 31 Assets Year Years Cash | $16.774 Credit card recevable Accounts receive 2.00 Foodiny 3400 Equipment 35.500 Roumd depreciation Equipment 3:20 Furnishing Accumulated deren Furnishings . Total Assets 570.54 Liabilities & Shareholders' Equity Acopy 2460 LO ncome tax payable 3.200 2.54 Acorus pytle Nole payable et 5.000 Long-term 20.000 Commons Redge Liabilities & Stockholders' Equity 5704 22 Income Statement Condensed Year 2003 Bales Cart of Operating per Total Operating costs Operating income, before were Theresante Income before the Income tax Net Income and to From the information given calutate the following Working capital for years and 0603 Comment B. Current ratio for Years 0002 and 0001 c. Ouick ratio (Acid test ratio for Years 0002 and 0063 & Credit card receivable as a percentage of credit card sales revenue for Year 6003 Credit card receivables over rate based on credit sales revenue for Year 000 Credit card receivables average collection period ration credit card sales revenue for Year 6003 Total abilities to stockholders' equity for Year 2003 Return on stockholders for Y6003 Comment Not Income to total sales ratio for Year 2000 Gross margin ratio for Y000 ...Number of times interest in med for Year 100 Receivable ever Average receive Days in Pood Average collection period Return on Stockholders alty Net ge No of me interest are Income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Collaborative Auditing

Authors: James Pelletier, Yuki Matsuura

2nd Edition

ISBN: 0894139606, 9780894139604

More Books

Students also viewed these Accounting questions

Question

11.5 Describe the grievance procedure in a union environment.

Answered: 1 week ago

Question

11.6 Explain union decertification.

Answered: 1 week ago