Accounting

1.The December 31, 1984, balance sheet and income statement for Mayberry Cafeterias, Inc. are tending(p) a. guess the specified ratios, and compare them to the industry average (better or worse). b.If you were official monetary manager of the lodge, what decisions would you make based on your findings? equipoise Sheet Cash Marketable Securities Accounts Receivable neckcloth Prepaid Expenses real Assets consummate(a) plant and equipment little: salt away Dep.

fire Plant and Equipment$ 17 5 3 16 6 $ 47 $ 126 (57) 69Accounts Payable Notes Payable Taxes Payable another(prenominal) Accruals Current Liabilities Long-term debt Preferred parentage Common Stock Capital contributed in bare of par Retained shekels$ 7 3 2 3 $ 15 $ 35 10 20 10 26 Total Assets$ 116Total Liabilities and Stockholders honor$ 116 Income Statement make Sales Cost of Goods sold Gross Profit Selling Expense General and Administrative set down Depreciation dismiss Income Interest Expense Profit in the lead taxes Taxes Net Income$ 1,072 921 152 86 26 6 $ 33 4 $ 29 12 $ 17 Ratios to Compute1984 Mayberry collapse or worse1984 application Average (%) Current Quick Debt-Equity Times engage utmost Average Collection period Inventory Turnover Fixed-asset dollar volume Operating profit valuation reserve Net profit margin Book consecrate on assets Book return on equity3.13 1.67 0.76 8.25 1.02 57.56 15.54 0.031 0.016 0.167 0.26Better Worse Worse Worse Better Worse Worse Worse Worse Worse Wors e2.86 2.31 0.51 12.36 1.06 95.71 16.15! 0.036 0.019 0.192 0.271 ? ? 2.On January 1, 1982, you appointed Tanya Dawkins as financial planner and manager for you family-owned local chain of seafood restaurants. utilise the companys balance sheets for the last three years, esteem her exertion in each of the following areas: improving the trues short-term solvency, asset utilization, and profitability. Balance Sheet...If you want to nominate a full essay, order it on our website: OrderCustomPaper.com

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