Revenue K98,200; Food and drinks K25,000; Salaries & Wages K14,000; Advertising K6,000; Miscellaneous K200; Unearned Rent K4,000; Prepaid expenses K500; Water and power bills K 8,000 and Accrued expenses K9,000. Use this information to create a income statement

Revenue K98,200; Food and drinks K25,000; Salaries & Wages K14,000; Advertising K6,000; Miscellaneous K200; Unearned Rent K4,000; Prepaid expenses K500; Water and power bills K 8,000 and Accrued expenses K9,000. Use this information to create a income statement

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

(Amounts Expressed in Millions) 2020 2019For the Fiscal Years Ended September 26 and September 28, respectively:Net sales $ 274,515 $ 260,174Costs of sales 169,559 161,782Operating income 66,288 63,930Net income $ 57,411 $ 55,256At Year-End: Assets    Current assets:    Cash and cash equivalents $ 38,016 $ 48,844Short-term marketable securities 52,927 51,713Accounts receivable, net 16,120 22,926Inventories 4,061 4,106Vendor non-trade receivables 21,325 22,878Other current assets 11,264 12,352Total current assets 143,713 162,819Noncurrent assets:    Long-term marketable securities 100,887 105,341Property, plant, and equipment, net 36,766 37,378Other noncurrent assets 42,522 32,978Total noncurrent assets $ 180,175 $ 175,697Total assets $ 323,888 $ 338,516Liabilities and Shareholders’ Equity    Current liabilities:    Accounts payable $ 42,296 $ 46,236Other current liabilities 42,684 37,720Deferred revenue 6,643 5,522Commercial paper 4,996 5,980Current portion of term debt 8,773 10,260Total current liabilities 105,392 105,718Noncurrent liabilities:    Noncurrent portion of term debt 98,667 91,807Other noncurrent liabilities 54,490 50,503Total noncurrent liabilities 153,157 142,310Total liabilities 258,549 248,028Shareholders’ equity:    Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 45,174Retained earnings 14,966 45,898Accumulated other comprehensive income/(loss) (406) (584)Total shareholders’ equity 65,339 90,488Total liabilities and shareholders’ equity $ 323,888 $ 338,516At September 29, 2018, total assets were $365,725 and total shareholders’ equity was $107,147.Required:Calculate Apple Incorporated’s working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 2019.

e. Prepaid insurance 3300 Cash 3600Insurance Expense 300f. Cost of food 18000 Accounts Payable 18000g. Wages 3500 Cash 3500h. Beverage Inventory 2000 Cash 2000Cost of beverage 8000 Beverage Inventory 8000i. Utilities expense 500 Cash 500j. Salaries expense 2000 Salaries Payable 2000k. Cash 90000 Food sales 60000Beverage sales 30000l. Guest supplies 2000 Cash 2000TOTAL 401600 401600Adjusted trial balanceAccount Debits CreditsCash CA £128,400Building FA £150,000Beverage Inventory CA £4,000Equipment FA £12,000Prepaid insurance CA £3,300Insurance Expense Expense £300AmountCost of food Expense £18,000Cost of beverage Expense £8,000Wages Expense £3,500Salaries expense Expense £2,000Utilities expense Expense £500Guest supplies Expense £2,000Accounts Payable CL £40,000Bank Loan NCL £100,000Salaries Payable CL £2,000Owner's Equity Equity £100,000Food sales Revenue £60,000Beverage sales Revenue £30,000£332,000 £332,000Profit & loss statementRevenuesFood sales £60,000Beverage sales £30,000Total Revenues £90,000Cost of goods soldCost of food £18,000Cost of beverage £8,000Total cost of sales (£26,000)Salaries expense £2,000Wages £3,500Total Salaries $ Wages (£5,500)

Financial information is presented below:Operating expenses             $ 90,000Sales returns and allowances     26,000Sales discount                           12,000Sales revenue                         300,000Costs of sales                          154,000The amount of gross profit on the income statement would be:Group of answer choices$146,000.$152,000.$108,000.$120,000.