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Starry Night Cafe was established in 2011 and has continued to prosper despite society's changing circumstances. They offer an assortment of hot and cold beverages along with brunch meals and pastry desserts. You have just been hired as their Managerial Accountant. It is your job to record, analyze, and interpret internal financial data to assist in business growth. Below is a list of information from 2019 that you have gathered thus far:
Sales:
Hot beverages- $15,200
Cold beverages- $22,300
Brunch meals- $43,000
Pastry desserts- $23,600
Cost/Expenses:
Ingredients- $44,000
Labor- $14,200
Utilities - $9,200
Telephone- $6,300
Internet- $2,400
Packaging- $5,000
Delivery- $3,300
Administration- $7,500
Average total assets- $160,000
1. You want to know how well or poorly the company did in 2019. Therefore, calculate:
Question a. Operating income, profit margin %, asset turnover, and ROI
Question b. Explain what each of these results show regarding the business's performance
Question c. Based on these explanations did the company have a good or bad year?
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