For question 4, 6 does not need to be in depth just wondering what the overall statement should be. Thank you

Marion's Magic Muffins Marion has a muffin shop located in a rented 1200 square foot building in a small town of approximately 10,000 people. The only major competition includes local restaurants, a donut shop, and a coffee shop located in the local grocery. Marion sells her wonderful Magic Muffins for $5.95 each. The cost to produce these muffins is $3.25 each which includes all ingredients. She is open six days a week, closed Sundays and 10 holidays throughout the year. (use a 365 day year for calculations) and averages 85 sales per day. Her rent is $1.000 per month and she has a 5 year lease. Typically she spends $3,600 per year on radio and print advertising. Utilities average $900 per month Phone service induding phone, cell phone and intered is $300 per month, vehide gas averages $85.00 per month. Insurance is $2.475 per year. Paper supplies including napkins Cupcake paper liners are included in the cost of goods. She is currently leasing a large mixer and dishwasher at $150.00 per month total. Her store license is $795 per year, she has a budget of $500 per year for replacement pans and other equipment. Marion has one part time employee that is paid $12/ hour and works 25 hours per week. She owns a delivery vehicle valued at $22,000. Her store equipment has a value of $11,500. And she maintains an inventory of $1.500. Since starting her business she has managed to save $5,000 in her business operating account and she has a savings account of $20,000. She has annual depreciation of $2,500 and accumulated depreciation in the amount of $15,000. Currently she has $500.00 in accounts receivable and $1.200,00 in accounts payable. She also has a $30,000 five year bank loan at 6% 1. 2 Assignment Develop a profit and loss statement for Marlor's Magic Muffins. Use proper form see page 27 in the book as a template. 2 Develop a balance sheet for Marion's Magic Muffins. Use proper form see page 31 in the book as a template. 3. Based on the information you calculated in questions 1 and 2 above calculate the following ratios: Profit Margin Receivable turnover Inventory tumover Quick Ratio Current Ratio Times Interest earned 4. In a narrative statement of approximately 500 to 750 words how is Marion's business doing? Provide a review of the income statement, balance sheet and ratios. Explain and be specific. . . zum blasiv anos . 5. It has been three years and Marion's business is doing well. She wants to expand and offer coffee and specialty cakes. Construct a new balance sheet and profit and loss statement using the following information: The loan is currently at $20,000 and she is seeking an additional loan of $15,000 for equipment Cost of goods for muffins have increased 5% Selling price has remained the same for muffins. Selling and administrative expenses have increased 3% (rent and depreciation have remained the same) Selling price of cakes is $9.95 each and Marion estimates that she will sell 10 per week Cost of making the cakes is $6.85 each Selling price of coffee is $3.95 per cup (No free refills) Cost of producing the coffee is 5.59 per cup. She estimates selling 50 cups per day. Due to the increase business she needs to hire an additional employee for a total of two Each working 25 hours per week at $12.00 per hour. . 6. In a narrative statement of approximately 500 to 750 words analyze Marion's proposal to add coffee and cakes to her menu. Is this a good deal for Marion? If you were the banker would you give her a loan of $15,000 (Total loans of $35,000)? Why or why not? Explain and be specific no ogol les See more ollut G mal no De Om old Erinen DOU Dom 2010 DOT tools Marion's Magic Muffins Marion has a muffin shop located in a rented 1200 square foot building in a small town of approximately 10,000 people. The only major competition includes local restaurants, a donut shop, and a coffee shop located in the local grocery. Marion sells her wonderful Magic Muffins for $5.95 each. The cost to produce these muffins is $3.25 each which includes all ingredients. She is open six days a week, closed Sundays and 10 holidays throughout the year. (use a 365 day year for calculations) and averages 85 sales per day. Her rent is $1.000 per month and she has a 5 year lease. Typically she spends $3,600 per year on radio and print advertising. Utilities average $900 per month Phone service induding phone, cell phone and intered is $300 per month, vehide gas averages $85.00 per month. Insurance is $2.475 per year. Paper supplies including napkins Cupcake paper liners are included in the cost of goods. She is currently leasing a large mixer and dishwasher at $150.00 per month total. Her store license is $795 per year, she has a budget of $500 per year for replacement pans and other equipment. Marion has one part time employee that is paid $12/ hour and works 25 hours per week. She owns a delivery vehicle valued at $22,000. Her store equipment has a value of $11,500. And she maintains an inventory of $1.500. Since starting her business she has managed to save $5,000 in her business operating account and she has a savings account of $20,000. She has annual depreciation of $2,500 and accumulated depreciation in the amount of $15,000. Currently she has $500.00 in accounts receivable and $1.200,00 in accounts payable. She also has a $30,000 five year bank loan at 6% 1. 2 Assignment Develop a profit and loss statement for Marlor's Magic Muffins. Use proper form see page 27 in the book as a template. 2 Develop a balance sheet for Marion's Magic Muffins. Use proper form see page 31 in the book as a template. 3. Based on the information you calculated in questions 1 and 2 above calculate the following ratios: Profit Margin Receivable turnover Inventory tumover Quick Ratio Current Ratio Times Interest earned 4. In a narrative statement of approximately 500 to 750 words how is Marion's business doing? Provide a review of the income statement, balance sheet and ratios. Explain and be specific. . . zum blasiv anos . 5. It has been three years and Marion's business is doing well. She wants to expand and offer coffee and specialty cakes. Construct a new balance sheet and profit and loss statement using the following information: The loan is currently at $20,000 and she is seeking an additional loan of $15,000 for equipment Cost of goods for muffins have increased 5% Selling price has remained the same for muffins. Selling and administrative expenses have increased 3% (rent and depreciation have remained the same) Selling price of cakes is $9.95 each and Marion estimates that she will sell 10 per week Cost of making the cakes is $6.85 each Selling price of coffee is $3.95 per cup (No free refills) Cost of producing the coffee is 5.59 per cup. She estimates selling 50 cups per day. Due to the increase business she needs to hire an additional employee for a total of two Each working 25 hours per week at $12.00 per hour. . 6. In a narrative statement of approximately 500 to 750 words analyze Marion's proposal to add coffee and cakes to her menu. Is this a good deal for Marion? If you were the banker would you give her a loan of $15,000 (Total loans of $35,000)? Why or why not? Explain and be specific no ogol les See more ollut G mal no De Om old Erinen DOU Dom 2010 DOT tools