Financial Ratios
The answers are below: Jumpys is a neighborhood restaurant famous for its jolting coffee. Named for its owner Jumpy Johnson, the restaurant specializes in a breakfast menu – that has many loyal fans among the locals. But every since Jumpys neon dancing coffee cup sign went up, the owner has wanted to expand in an even Star bigger way.
Answers
1. (d) Identify good candidates for financial assistance
2. True
3. False (1.88:1)
4. False (0.15 or 15%)
Jumpys is located in a region that holds a round of championship events at the same time every year. Johnson noticed wholesale NBA jerseys that increased promotions during those events brought a tremendous influx of new Nazis, customers to the advertisers. He is convinced that once those new customers visit Jumpys, they will be captured forever.
In prior years Johnson has not been prepared financially to capitalize on the event, but recently he has been working closely with his accountant to monitor the restaurants wholesale nba jerseys financial cheap NBA jerseys health with the idea of seeking a loan. His accountant has provided the following summary of pertinent company financial information:
Current Emeli Assets: $32,000
Current Liabilities: $14,000
Net Profit: $15,000
Net Sales: $100,000
Net Worth: $34,000
Total Debt: $18,000
