Select "Financial Results" and then "Key Ratios."

a. Select "Financial Condition." Calculate the current ratio and quick (acid-test) ratio for Papa John's and the industry. Who would find these ratios of primary interest? Identify the debt-to-equity ratio and interest coverage ratio (another name for times-interest-earned ratio) for Papa John's and the industry. Is Papa John's primarily financed by debt or equity? How can you tell? Does Papa John's have the ability to pay its interest obligations? Explain why or why not.

b. Select "Investment Returns." Identify return on equity and return on assets for Papa John's and the industry. What do these ratios measure?

c. Select "Ten-Year Summary." Review the information provided for return on equity and return on assets. What additional information is revealed about Papa John's financial position? Is this information helpful?