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Consolidated Statements of Operations Years ended January 2, 2011, January 3, 20

ID: 2523267 • Letter: C

Question

Consolidated Statements of Operations Years ended January 2, 2011, January 3, 2010, and December 28, 2008 (amounts in thousands, except for per share data) Revenues Restaurant sales $631,641 $653,190 $667,151 Royaltes from licensing agreement Domestic franchise revenues 6,172 3,165 2,418 7,7896,630 2,749 2,093 2,822 2,136 ntemational franchise revenues 643,396 665,821 678,739 Total revenues Food, beverage and paper supplies Direct operating and occupancy Costs and expenses: 148,887 154,336 165,68 237,498 247,515 247,441 42,970 142,125 140,519 Cost of sales General and administrative Depreciation and amortization Pre-opening costs Loss on impairment of property and equipment Store closure costs Litigation, settlement and other costs 529,355 543,976 553,641 50,956 51,016 51,867 40,336 1,858 18,764 22,966 13,361 37,161 40,454 4,493 1,724 8,764 1,049 741 1,614 Total costs and expenses 650,008662,321 665,606 (6,612) Operating (lossyincome Interest expense, net 3,500 13,133 (803) (1,339) (12) 11,794 2,595 2,697 5,849) (2.104) Income tax (bonefit/provision Net (loss)income Net (lossyincome per common share: (775) 4,801 $ 9,199 S (0.03) $ 0.20 $ 0.30 MacBook Air 20 2 3 4 5 6

Explanation / Answer

Answer:

Quick Ratio = Cash and cash equivalents + Accounts Receivable / Current Liabilities

Quick Ratio = (23230 + 12159 )/ 97215 = 35389 / 97215 = 0.364

Debt to Equity = Total Liabilities / Total Equity = ( 97215 + 10910 + 33335 + 344 ) / 196762

                      = 141804 / 196762 = 0.721

Earning per share = (0.03) already given

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