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a) Find the profit margin percentage for the year ended Dec 30, 2018. Use Net Earnings divided by Total Gross Revenue. Format of answer should

a) Find the profit margin percentage for the year ended Dec 30, 2018. Use Net Earnings divided by Total Gross Revenue. Format of answer should be in percent, but do not write the % sign. (So if your calculator answer were 0.04534, you would write 4.53 as your answer, which would mean 4.53%.)

b) Now, do the same calculation (profit margin percentage) for the year ended Dec. 29, 2019,

c) Now the Quick Ratio, please, for the year ended Dec. 30, 2018. Only the first two current assets qualify as quick assets.

Same format----- x.xx

d)And now, show me the Quick Ratio for the year ended Dec. 29, 2019

e) Find the profit margin percentage for the year ended Dec 30, 2018. Use Net Earnings divided by Total Gross Revenue. Format of answer should be in percent, but do not write the % sign. (So if your calculator answer were 0.04534, you would write 4.53 as your answer, which would mean 4.53%.)

f) And now, do the same calculation (profit margin percentage) for the year ended Dec. 29, 2019,

Consolidated Statements of Earnings

For the 52 weeks ended December 29,2019 and December 30, 2018image text in transcribed

image text in transcribed

image text in transcribed

For the 52 weeks ended December 29, December 30, 2019 2018 (in thousands of Canadian dollars, except where otherwise indicated) $ Sales (note 6).. Franchise revenues note 7)... Total gross revenue... 1,065,928 $ 186,523 1,252,451 $ 1,006,672 185,260 1,191,932 (452,222) (656,871) (419,671) (624,938) Cost of inventories sold... Selling, general and administrative expenses (note 8). Impairment, net of reversals, of restaurant assets and lease receivables (notes 13, 14, 15, and 29)... Restructuring and other (note 9)... Operating income. (57,243) (6,644) 79,471 S (8,107) (12,280) 126,936 Net interest expense and other financing charges (note 10)... Share of loss from investment in joint ventures... Earnings before change in fair value and income taxes. (23,241) (1,442) 54,788 $ (11,914) (586) 114,436 S (3,500) 277 10,000 Change in fair value of non-controlling interest liability (note 20). Change in fair value of contingent liability (note 20). Change in fair value of Exchangeable Keg Partnership units and Keg Royalty Income Fund units....... Earnings before income taxes.. (4,286) 60,779 $ (6,368) 104,568 Current income tax expense (note 11). Deferred income tax expense (note 11). Net earnings. Net earnings attributable to Shareholders of the Company.. Non-controlling interest (24,847) 7,980 43,912 $ (14,409) (16,368) 73,791 44,519 (607) 43,912 $ 73,788 3 73,791 $ $ 124,590 $ 4,721 167,585 12,015 Liabilities Current Liabilities Accounts payable and accrued liabilities Provisions (note 17). Gift card liability. Income taxes payable Current portion of long-term debt (note 18).. Current portion of lease liabilities (notes 3 and 19). Total Current Liabilities........... Long-term debt (note 18)... Note payable to The Keg Royalties Income Fund.. Provisions (note 17).......... Lease liabilities (notes 3 and 19). Other long-term liabilities (note 20). Deferred gain on sale of The Keg Rights (note 29). Deferred tax liability (note 11). Total Liabilities $ 121,847 430,758 $ 475,742 57,000 3,589 646,602 66,973 139,315 99,101 1,919,080 S 134,930 9,679 153,832 5,697 154,000 3,192 461,330 235,566 57,000 13,796 22,824 87,667 134,257 92,831 1,105,271 $ Shareholders' Equity Common share capital (note 23) Contributed surplus ..... Merger reserve (note 29)... Accumulated other comprehensive loss Deficit...... Total Shareholders' Equity. 617,126 $ 10,617 (216,728) (3,404) (62,625) 344,986 $ 769,662 13,546 (216,728) (2,556) (78,112) 485,812 S $ 2,264,066 $ 1,591,083 Total Liabilities and Equity. Commitments, contingencies and guarantees (note 27) Subsequent events (note 31) Net earnings per share attributable to the Common Shareholders of the Company (note 24) (in dollars) Basic earnings per share....... Diluted earnings per share...... Adjusted basic earnings per share. Adjusted diluted earnings per share 0.74 $ 0.72 $ 1.20 1.16 1.76 $ 1.71 $ 1.69 1.63 $ For the 52 weeks ended December 29, December 30, 2019 2018 (in thousands of Canadian dollars, except where otherwise indicated) $ Sales (note 6).. Franchise revenues note 7)... Total gross revenue... 1,065,928 $ 186,523 1,252,451 $ 1,006,672 185,260 1,191,932 (452,222) (656,871) (419,671) (624,938) Cost of inventories sold... Selling, general and administrative expenses (note 8). Impairment, net of reversals, of restaurant assets and lease receivables (notes 13, 14, 15, and 29)... Restructuring and other (note 9)... Operating income. (57,243) (6,644) 79,471 S (8,107) (12,280) 126,936 Net interest expense and other financing charges (note 10)... Share of loss from investment in joint ventures... Earnings before change in fair value and income taxes. (23,241) (1,442) 54,788 $ (11,914) (586) 114,436 S (3,500) 277 10,000 Change in fair value of non-controlling interest liability (note 20). Change in fair value of contingent liability (note 20). Change in fair value of Exchangeable Keg Partnership units and Keg Royalty Income Fund units....... Earnings before income taxes.. (4,286) 60,779 $ (6,368) 104,568 Current income tax expense (note 11). Deferred income tax expense (note 11). Net earnings. Net earnings attributable to Shareholders of the Company.. Non-controlling interest (24,847) 7,980 43,912 $ (14,409) (16,368) 73,791 44,519 (607) 43,912 $ 73,788 3 73,791 $ $ 124,590 $ 4,721 167,585 12,015 Liabilities Current Liabilities Accounts payable and accrued liabilities Provisions (note 17). Gift card liability. Income taxes payable Current portion of long-term debt (note 18).. Current portion of lease liabilities (notes 3 and 19). Total Current Liabilities........... Long-term debt (note 18)... Note payable to The Keg Royalties Income Fund.. Provisions (note 17).......... Lease liabilities (notes 3 and 19). Other long-term liabilities (note 20). Deferred gain on sale of The Keg Rights (note 29). Deferred tax liability (note 11). Total Liabilities $ 121,847 430,758 $ 475,742 57,000 3,589 646,602 66,973 139,315 99,101 1,919,080 S 134,930 9,679 153,832 5,697 154,000 3,192 461,330 235,566 57,000 13,796 22,824 87,667 134,257 92,831 1,105,271 $ Shareholders' Equity Common share capital (note 23) Contributed surplus ..... Merger reserve (note 29)... Accumulated other comprehensive loss Deficit...... Total Shareholders' Equity. 617,126 $ 10,617 (216,728) (3,404) (62,625) 344,986 $ 769,662 13,546 (216,728) (2,556) (78,112) 485,812 S $ 2,264,066 $ 1,591,083 Total Liabilities and Equity. Commitments, contingencies and guarantees (note 27) Subsequent events (note 31) Net earnings per share attributable to the Common Shareholders of the Company (note 24) (in dollars) Basic earnings per share....... Diluted earnings per share...... Adjusted basic earnings per share. Adjusted diluted earnings per share 0.74 $ 0.72 $ 1.20 1.16 1.76 $ 1.71 $ 1.69 1.63 $

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