Refer to Panera Bread's balance sheet reproduced at the back of the book to answer the following

Question:

Refer to Panera Bread's balance sheet reproduced at the back of the book to answer the following questions.

Required

1. Which is the largest of Panera Bread's current assets on December 29, 2015? What percentage of total current assets does it represent? Is it favorable or unfavorable that this is such a significant asset? Explain your answer.

2. Which is the smallest of Panera Bread's current assets on December 29, 2015? What percentage of total current assets does it represent? Explain why this asset would be relatively small for a company such as Panera Bread.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...