Refer to the financial statements of Krispy Kreme in AppendixA to answer the following:

1. What percent of the original cost of Krispy Kreme’s property, plant, and equipment remains to be de¬ preciated as of February 2, 2003, and February 3, 2002? Assume these assets have no salvage value.

2. Over what length(s) of time is Krispy Kreme amortizing its intangible assets?

3. What is the change in total property and equipment (before accumulated depreciation) for the year ended February 2, 2003? What is the amount of cash provided (used) by investing activities for property and equipment for the year ended February 2, 2003? What is one possible explanation for the difference between these two amounts?

4. Compute its total asset turnover for the year ended February 2, 2003.

Roll On 5. Access Krispy Kreme’s financial statements for fiscal years ending after February 2, 2003, at its e Sltf (SnspyKreme.com) or the SEC’s EDGAR database (www.SEc.gov). Recompute Krispy s total asset turnover for the additional years’ data you collect. Comment on any differ¬ ences relative to the turnover computed in part 4.