Submitted by: Ruggero Carlo J.

Pango MBA 1 QUICK LUNCH Balance Sheet As of December 31, 2002 Assets Current Assets Cash Food & supplies invty Prepaid license Lease Rights Total Current Assets Fixed Assets Equipment, net Total Assets Liabilities & Owner's equity Current Liabilites Accounts payable Accrued rent payable Deferred coupon sales Total Current Liabilities Owner's Equity Bingham's Equity Bingham's Drawings Net Income Total Liabilities & Owner's equity

11/23/2012

12,265.00 750.00 150.00 3,800.00 16,965.00

8,800.00 25,765.00

890.00 1,515.00 1,375.00 $

* 3,780.00

15,450.00 (3,800.00) 10,335.00

21,985.00 25,765.00 -

*Note: Sale of 140 coupon books @ $27.50 Sale of 90 coupon books @27.50 Deferred coupon sales as of Dec. 31, 2002

3,850.00 2,475.00 1,375.00

QUICK LUNCH Income Statement for the FOUR-MONTH Period ending December 31, 2002 Sales Cash Sales Earned coupons, net Net Sales Less: Cost of sales Gross Profit Less: Operating expense Rent expense Lease Rights used Other operating expense City Resturant licenses Add: Other Income: Sale of cooking range Less: Other Expense: Lost on broken cooking range $ 29,315.00 2,475.00 $ $ $ 4,975.00 1,900.00 90.00 75.00 ** 31,790.00 (14,415.00) 17,375.00

(7,040.00) 10,335.00 400.00 10,735.00 (400.00) 10,335.00

**Note: Face value of coupon books @ $30.00 Sale of 140 coupon books @ $27.50 FV as of December 31, 2002 @ $30.00 Sale of coupon books as of Dec. 31, 2002

4,200.00 3,850.00 92% 2,700.00 2,475.00 92%

QUICK LUNCH Cash Flow Statement for the FOUR-MONTH Period ending December 31, 2002 Cash flow from operating activities Net income Increase in food & supplies, inventory Increase in prepaid license Increase in Lease Rights Increase in accrued food & supplies Increase in accrued rent payable Increase in deferred coupon sales Net cash provided by operating activities Cash flow from investing activities Increase in Equipment Net cash used in investing activities Cash flow from financing activities Increase in Bingham's equity Increase in Bingham's drawings Net cash provided by financing activities Cash at the end of December 31, 2002

10,335.00 (750.00) (150.00) (3,800.00) 890.00 1,515.00 1,375.00 9,415.00

$ $

(8,800.00) (8,800.00)

$ $ $

15,450.00 (3,800.00) 11,650.00 12,265.00

QUICK LUNCH Financial Ratio Analysis Gross Profit Ratio = Gross Profit Net Sales = = Operating Ratio = COGS + Operating Expense = Net Sales = Current Assets Current Liabilities = = Debt/Equity Ratio = Total Liabilities Shareholders' Equity = = Equity/Debt Ratio = Shareholders' Equity Total Liabilities 17,375.00 31,790.00 0.55 21,455.00 31,790.00 0.67 16,965.00 3,780.00 4.49 3,780.00 21,985.00 0.17 21,985.00 3,780.00 5.82

Current Ratio =