This is a challenging case
Antonio has, at last been able to open his own limited business. He is the chef and prides himself on making the best pizzas in London. His first year has just finished and he is looking forward to seeing his results. So it is over to you now. He advertised locally and soon was in business. He opened for nine hours a day – lunchtimes and evenings – for six days a week and for fifty weeks a year. The parlour has 12 tables with four seats per table.
Working papers have been prepared for you, including the spread sheet, financial statements and ratios.
Answers are available, of course.