Fresh Food Catering Ltd’s capital expenditure for the current year for new equipment was $91,700. Current liabilities and non-current liabilities were $69,100 and $284,900 respectively. Sales for the current year were $351,400, and cash flows from operations totalled $106,900. Compute the cash adequacy ratio, cash flow ratio, debt coverage ratio and cash flow to sales ratio.Important:For any amounts, please don't include the dollar sign ($) or any thousands separator - i.e., $12,000 should be written as 12000.Please round all answers to 2 decimal places (e.g., 14.55).Cash adequacy ratio Answer 1 Question 1 timesCash flow ratio Answer 2 Question 1timesDebt coverage ratio Answer 3 Question 1timesCash flow to sales ratio           Answer 4 Question 1times

During October, 2022, Red’s Catering Company generated revenues of $14,000. Sales discounts totaled $200 for the month. Expenses were as follows: Cost of goods sold of $7,700 and operating expenses of $2,000.Calculate (1) gross profit and (2) income from operations for the month.Gross profit$enter gross profit in dollars Income from operations$enter income from operations in dollars

Our sourdough bakery had sales of $598 in December. Projected sales for the next quarter are: January $1,173 February $1,387 March $1,652 Sales are 59% cash and the remainder on credit. Debtors pay in the month following the sale. Calculate total cash collected from sales for the month of February. Please enter your answer to 2 decimal places.

In the catering industry, what is the term for the additional cost incurred to produce one more plate of food?

Question 2:The Express Banquet has two restaurants that are open 24-hours a day. Fixed costs for the tworestaurants together total $459,000 per year. Service varies from a cup of coffee to full meals. Theaverage sales check per customer is $8.50. The average cost of food and other variable costs foreach customer is $3.40. The income tax rate is 30%. Target net income is $107,100.Required.1. Compute the revenues needed to earn the target net income.2. How many customers are needed to break even? To earn net income of $107,100?3. Compute net income if the number of customers is 170,000

Transactions Units Unit Costa. Inventory, Beginning 1,500 $ 31For the year:    b. Purchase, March 5 7,500 32c. Purchase, September 19 3,500 34d. Sale, April 15 (sold for $76 per unit) 2,200  e. Sale, October 31 (sold for $79 per unit) 6,500  f. Operating expenses (excluding income tax expense), $398,000      Required:1. Calculate the number and cost of goods available for sale.2. Calculate the number of units in ending inventory.3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost.4. Prepare an income statement that shows the FIFO method, LIFO method and weighted average method.6. Which inventory costing method minimizes income taxes?