The following financial information is from the Darden Restaurants 2003 Annual Report: Required a. What are the

Question:

The following financial information is from the Darden Restaurants 2003 Annual Report:

# Restaurants Sales $ Mix % Mix % Red Lobster $ 2,430,000 000 673 Olive Garden $ 1,990,000,000 524 $ 138,000,000 Bahama

Required

a. What are the total annual sales and how many total restaurants in 2003?

b. Calculate the sales mix percentage for 2003.

c. Calculate the restaurant unit mix percentage for 2003.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting and Financial Analysis in the Hospitality Industry

ISBN: 978-0132458665

1st edition

Authors: Johnathan Hales

See More Books

Question Posted: Mar 12, 2019 12:18 PM

See More Questions

The following financial information is for Ambroise Industries Inc.: Ambroise is a distributor of auto parts operating in eastern Ontario that offers 30-day terms and has all sales on credit. The...
The incredible growth of Amazon.com has put fear into the hearts of traditional retailers. Amazon.coms stock price has soared to amazing levels. However, it is often pointed out in the financial...
The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80,000 for 2013 and 100,000 for 2014. Instructions...
A Hydrogen atom has one proton in the nucleus and one electron in the shell. In a classic model of the atom, in a certain state, this electron is in a circular orbit around the nucleus with an...
Whitehouse Gardens, Inc is a chain of home supply and gardening product stores. Last year, Whitehouse adopted the balanced scorecard (BSC) for evaluation of store and store manager performance. The...
Discuss the methods used to record changes in partnership membership. Clarify when the goodwill method may be useful for internal purposes but is not consistent with GAAP, and when the goodwill...
(b) the difference between the means for treatments TT3 and TT1.
Some fast-food chains offer a lower-priced combination meal in an effort to attract budget-conscious customers. One chain test-marketed a burger fries and a drink combination for $1.71. The weekly...
Frost Corp. is the lessee in a finance lease. Frost would record: O Depreciation expense. O Interest revenue. O Lease expense. O A right-of-use asset
a. How would you describe the culture of Siemens before Kleinfelds appointment as CEO? b. Kleinfelds leadership style was criticized as being brash and American. Is that a fair assessment? Why or why...
Following are the financial results for January, 2004 Lumberjack Hotel: Calculate the following: a. Dollar change for room revenue, actual to budget and last year. b. Percentage change in room...
Following is the Revenue from Continuing Operations from the Marriott International 2003 Annual Report: (in millions) Required a. Calculate the sales mix percentage for 2003, 2002, and 2001. b....
What are the relative advantages and disadvantages of both verbal and written communication?
Star Trek LLC has 8,000 bonds, two million shares of preferred stock outstanding and seven million shares of common stock outstanding. If the common shares are selling for $17 per share, the...
So the component of the flow velocity that is perpendicular to the isobar in cm/s is: V =2V cos(0)=2(10/(1+2 sin(0))) cos(0) V (10)/[1+2(1) sin(90)] = V = 3.3cm/s
2. The CIBC stock price was very volatile today. a. Using the website below, what did the price of CIBC shares end the day at ? CM.TO: Canadian Imperial Bank of Commerce - Yahoo Finance b. In a brief...
Answer the following according to Florida rules: Abigail Atlas was chatting quietly in the hall outside Courtroom 14-1 with Mariel Topher, an employee of the Hopper Law Firm that was representing...
Draw Free body diagrams for the following 32 situations and write the appropriate x- and y- equations, using the diagram and title to help you (do not solve). Some of the material you have not...
(1) Assume that SSC has completed its IPO and has a $112.5 million capital budget planned for the coming year. You have determined that its present capital structure (80% equity and 20% debt) is...
What is the difference between direct materials and indirect materials?
Because you are reading this after the end of Ethan Allens fiscal year 2017, how do your forecasts from the previous problems compare to the actual FY 2017 results? Does it appear that more...
Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corporation, or some other type of entity. Prepare a list of questions you...
In the current year, Jeanette, an individual in the 25% marginal tax bracket, recognized a $20,000 long-term capital gain. Also in the current year, Parrot Corporation, a C corporation in the 25%...
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...

The following financial information is from the Darden Restaurants 2003 Annual Report: Required a. What are the

Question:

Red Lobster Olive Garden Bahama Breeze Smokey Bones TOTALS Sales $ $ 2,430,000 000 $ 1,990,000,000 $ 138,000,000 93,000,000 Mix % # Restaurants 673 524 34 39 Mix %

Step by Step Answer:

a b c Red Lobster Olive Garden B...View the full answer

Accounting and Financial Analysis in the Hospitality Industry

Students also viewed these Business questions