**Required:**Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.)1. Gross margin percent.2. Return on assets (ROA).3. Return on equity (ROE).---### 1. Gross Margin Percentage**2019**- Numerator: __________- Denominator: __________- Calculation: __________ = **0****2018**- Numerator: __________- Denominator: __________- Calculation: __________ = **0**---### 2. Return on Assets (ROA)**2019**- Numerator: __________- Denominator: __________- Calculation: __________ = **0****2018**- Numerator: __________- Denominator: __________- Calculation: __________ = **0**---### 3. Return on Equity (ROE)**2019**- Numerator: __________- Denominator: __________- Calculation: __________ = **0****2018**- Numerator: __________- Denominator: __________- Calculation: __________ = **0**---The table is designed to help calculate these financial ratios by filling in the blanks for the numerators and denominators for the years 2019 and 2018. The results are to be rounded to the nearest whole million and should clearly indicate negative numbers where applicable. ### Required Information#### Consider the information below for Mmm Good Foods IncorporatedThis represents a condensed balance sheet and income statement for Mmm Good Foods Incorporated, the operator of Tasty Fried Chicken and Pizza Party. It also includes some data from the cash flow statement (amounts in millions).---**Balance Sheet**| | 2019 | 2018 | 2017 ||----------------------|-------|-------|-------|| Cash and short-term investments | $743 | $443 | $1,723 || Accounts receivable | 623 | 597 | 575 || Inventory | – | – | 13 || Other current assets | 161 | 167 | 196 || Long-lived assets | 3,704 | 2,923 | 2,804 || **Total assets** | $5,231| $4,130| $5,311|| Current liabilities | $1,541| $1,301| $1,512|| **Total liabilities**| 13,247| 12,056| 11,645|| Shareholders’ equity | (8,016)| (7,926)| (6,334)|| **Total liabilities and equity** | $5,231| $4,130| $5,311|---**Income Statement**| | 2019 | 2018 | 2017 ||----------------------|-------|-------|-------|| Sales | $5,597| $5,688| $5,878|| Cost of sales | 1,235 | 1,634 | 2,954 || **Gross margin** | 4,362 | 4,054 | 2,924 || Earnings before interest and taxes | 1,859 | 2,291 | 2,719 || Interest | 486 | 452 | 445 || Taxes | 79 | 297 | 934 || **Net income** | $1,294| $1,542| $1,340|---**Additional Information**- **Share price:** $102 (2019), $92 (2018), $82 (2017)- **Earnings per share:** 4.23

Ratio analysis is one of useful technique of management accounting. Under this, various calculations…

Required: Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minu sign. Do not round intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.) 1. Gross margin percent. 2. Return on assets (ROA). 3. Return on equity (ROE). 1. Gross Margin Percentage Numerator Denominator 2. Return on Assets Numerator Denominator 3. Return on Equity Numerator Denominator 2019 2019 2019 0 0 2018 2018 2018 = 0 0

Required: Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minu sign. Do not round intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.) 1. Gross margin percent. 2. Return on assets (ROA). 3. Return on equity (ROE). 1. Gross Margin Percentage Numerator Denominator 2. Return on Assets Numerator Denominator 3. Return on Equity Numerator Denominator 2019 2019 2019 0 0 2018 2018 2018 = 0 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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