Q1. In Year 8 the primary source of cash is (__________ / investing / financing) activities, which typically indicates a (__________ / weak) cash position.
Q2. In Year 8, Dine Equity purchased property and equipment for __________ thousand in cash and sold property and equipment for __________ thousand in cash. Therefore, the company (purchased / __________) more property and equipment, which could indicate this business is (expanding / __________).
Q3. Dine Equity acquired Applebee’s in Year (9 / 8 / ___).
How much did the company pay to acquire Applebee’s? __________ thousand.
This acquisition was primarily financed by (operating cash flow / _______________ / the issuance of stock).
Q4. Dine Equity borrowed more long-term debt than it repaid during Year (9 / 8 / 7), indicating the assumption of (__________ / less) financial risk.
Q5. Dine Equity issued preferred stock during Year (9 / 8 / __).
Q6. Dine Equity purchased treasury stock during Year (9 / 8 / __).
This is generally considered (__________ / unfavorable) to stockholders. Why?
Q7. Dine Equity reissued treasury stock during Year (9 / ___ / 7).
Q8. Dine Equity (__________ / does not) pay dividends.
Q9. In Year 8, Dine Equity reported (net income / __________) of __________ thousand. However, the company reported cash (__________ / outflows) from operations. This disparity was primarily caused by (____________________________/Payment of dividends/_____________). (Circle all that apply)
Q10. At December 31, Year 9, Dine Equity had __________ thousand in cash and cash equivalents.
Q11. Dine Equity reports a (_____________ / ____________) cash position.
How can you tell? Support your response with at least five observations.