Calfomia Pizza Kitchen opened lits first restaurant In Bevery Hills in 1985. Alm

Question

Calfomia Pizza Kitchen opened lits first restaurant In Bevery Hills in 1985. Almost Immediately after the first location opened, It expanded from Calfornia to more than 250 locations in more than 30 states and 11 countries. California Pizza Kitchen completed an initial public offering in August 2000 and traded on the NASDAQ National Market under the ticker symboi CPKI. On July 7, 2011, Golden Gate Capital completed the acquisition of Californla Puzza Kitchen and, as a result of the acquisition, the company's common stook is no longer publidy traded. Consolidated Statements of Operations Years ended January 2,2011, January 3, 2010, and December 28, 2008 (amounts in thousands, except for per share data) Restaurant sales Royalties from licensing agreement Domestic franchise revenues $645,096$666.255 $687,106 7,280 3,667 2,331 6,822 4,010 2,613 8,439 3,594 2,288 Total revenues 658,541680,576 700,384 Costs and expenses: Food, beverage and paper supplies 150,902156,351 167,696 242.243249,660 249.586 150,120144,101 142,495 Labor Direct operating and occupancy Cost of sales General and administrative Depreciation and amortization Pro-opening costs 543,265550,112 559,777 54,792 42,469 4,688 13,686 53,881 39,176 19 8,829 53,941 42,351 2,053 23,291 763 1,679 Store closure costs Litigation, settiement and other costs Total costs and expenses 669,651 674,190 677.475 Operating (ioss income 6,38622,909 Interest expense, net (998) (1.534) (Loss Vincome before income tax (benefit/provision(11.126) 5,38821.375 Income tax (benefit/provision Net (loss lincome Net (loss Vincome per common share: 4,703 S (1.780)S 7661 $16.672 S (0.07)S 0.30 043 (0.07)0.30 0.43 Basic Diluted Weighted average shares used in ca culating net (lossincome per common share Basic 24.69824.27425 403 Diluted 435325 421

Explanation / Answer

Answer:

a.Current Ratio = Current Assets / Current Liabilities = 98685 / 150647 = 0.655

b.Quick Ratio = (Cash and Cash Equivalents + Other Receivables ) / Current Liabilities

Quick Ratio = (49230 + 20804 ) / 150647 = 70034 / 150647 = 0.464

c.Profit Margin = Net Income / Total Revenues = -1780 / 658541 = -0.27%

d.Return on Equity = Net income / Stockholders Equity = -1780 / 227325 = -0.783%

e.Inventory Turnover = Cost of Sales / Avg. Inventory = 543265 / (9207 + 8847 ) / 2 = 543265 / 9027 = 60.18

f.Debt to Equity = Total Liabilities / Total Equity

                       = ( 150647 + 23412 + 36989 + 669 ) / 227325 = 211717 / 227325 = 0.931

g.Earning per share = -0.07 given

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