P13-9 (Algo) Computing and Analyzing Ratios LO 13-4, 13-5, 13-6, 13-7, 13-8 The financial statements for Lainey's Famous Pizzo are below. Lainey's operates more than 250 locations in 30 statica and 11 countrica. LADY'S FAMOUS PIZZA, INCOPRORATED Consolidated statements of operations (amounts in thousands, except for per share data) Year 2 Year 1 Restaurant cales Royalties from Licensing agr Domestic franchi International franchise revenue Total reverse Costs and expences: Food, beverage, and paper supplies Labor Direct operating and accupancy cost of sales several and adinistrative Depreciation and amortization Pre-casts Loss on Separent of property and equipment Store closure costs Litigation, settlement, and other co total costs and exp Interest expense, not Income before income tax Income tax (benefit)/provision Net income per common share: Basic weighted average shares used in calculating net incase per conson share Basic Diluted LAINEY'S FAMOUS PIZZA, INCORPORATED A Consolidated Balance Sheets (in thousands, accept for share data) Current assets: cash and cash equivalent Receivables Inventories Prepaid rest other prepaid exp Total current assets Property and equipment, not Noncurrent deferred tax asset, not 720,511 142,373 12,012 579 1, 213,120 32 700 1,4 (4,819) (2,171) $7, Year 2 $2,1 2,998 54,145 2,433 other intangibles, not other asset Total assets Liabilities and stay Current liabilities: Accounts payable $18,35 $1, Accrued compensation and benefits Deferred rest credits other accrued liabilitie ift card liability Store closure reserve Total curren Long-term debt other a Deferred rest credits, not of current portion Income taxes payable, not of cuprin Commitments and contingencie Stockholders' equity Common stack-se.et par value, share authorized, 28,00, and 28,2, shares issued and outstanding at end of year, and Year 2, Accional paid-in capital Total stockholquity Total liabilities and stockholderi 15,7 18,6 33,937 335 18,725 1, 205,315 $8.19 2, Required: 1. Compute the following ratics for Year 3 using information from the company's financial statements. Assume a market price per share of $1.40. Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (.0.1234 should be entered as 12.34). a Ratum on qu b. Net profit margin c. Inventory turnover ratio d. Current Quick Debt-to-equity ratio Price earnings ratio

P13-9 (Algo) Computing and Analyzing Ratios LO 13-4, 13-5, 13-6, 13-7, 13-8 The financial statements for Lainey's Famous Pizzo are below. Lainey's operates more than 250 locations in 30 statica and 11 countrica. LADY'S FAMOUS PIZZA, INCOPRORATED Consolidated statements of operations (amounts in thousands, except for per share data) Year 2 Year 1 Restaurant cales Royalties from Licensing agr Domestic franchi International franchise revenue Total reverse Costs and expences: Food, beverage, and paper supplies Labor Direct operating and accupancy cost of sales several and adinistrative Depreciation and amortization Pre-casts Loss on Separent of property and equipment Store closure costs Litigation, settlement, and other co total costs and exp Interest expense, not Income before income tax Income tax (benefit)/provision Net income per common share: Basic weighted average shares used in calculating net incase per conson share Basic Diluted LAINEY'S FAMOUS PIZZA, INCORPORATED A Consolidated Balance Sheets (in thousands, accept for share data) Current assets: cash and cash equivalent Receivables Inventories Prepaid rest other prepaid exp Total current assets Property and equipment, not Noncurrent deferred tax asset, not 720,511 142,373 12,012 579 1, 213,120 32 700 1,4 (4,819) (2,171) $7, Year 2 $2,1 2,998 54,145 2,433 other intangibles, not other asset Total assets Liabilities and stay Current liabilities: Accounts payable $18,35 $1, Accrued compensation and benefits Deferred rest credits other accrued liabilitie ift card liability Store closure reserve Total curren Long-term debt other a Deferred rest credits, not of current portion Income taxes payable, not of cuprin Commitments and contingencie Stockholders' equity Common stack-se.et par value, share authorized, 28,00, and 28,2, shares issued and outstanding at end of year, and Year 2, Accional paid-in capital Total stockholquity Total liabilities and stockholderi 15,7 18,6 33,937 335 18,725 1, 205,315 $8.19 2, Required: 1. Compute the following ratics for Year 3 using information from the company's financial statements. Assume a market price per share of $1.40. Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (.0.1234 should be entered as 12.34). a Ratum on qu b. Net profit margin c. Inventory turnover ratio d. Current Quick Debt-to-equity ratio Price earnings ratio

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 2MAD

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