a) Now the Quick Ratio, please, for the year ended Dec. 30, 2018. Only the first two current assets qualify as quick assets. Our answer should be in the form x.xx----- even if the value before the decimal point is a zero, please put it in.
b) Now, show me the Quick Ratio for the year ended Dec. 29, 2019.
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 (23,241) (1,442) 54,788 $ (11,914) (586) 114,436 S 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. 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 Leg Partnership units and Keg Royalty Income Fund units.. Earnings before income taxes. (3,500) 277 10,000 (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 $ $ 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 S 0.72 $ 1.20 1.16 $ $ 1.76 1.71 1.69 1.63 $ (in thousands of Canadian dollars) As at As at December 29, December 30, 2019 2018 Assets Current Assets Cash....... Accounts receivable (note 28).. Inventories (note 12). Prepaid expenses and other assets... Current portion of long-term receivables (note 13) Total Current Assets..... Long-term receivables (notes 3 and 13)... Property, plant and equipment (notes 3 and 14). Investment in the Keg Limited Partnership (note 29). Brands and other assets (note 15). Goodwill note 16)........... Deferred tax asset (note 11)... Total Assets... 40,351 $ 117,279 39,804 6,536 80,347 284,317 $ 400,883 602,914 128,640 611,490 198,313 37,509 2,264,066 $ 49,272 103,514 36,586 9,395 4,900 203,667 30,069 399,990 122,125 616,183 196,638 22,411 1,591,083 S 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 $ 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 $ 2,264,066 $ 1,591,083 Total Liabilities and Equity Commitments, contingencies and guarantees (note 27) Subsequent events (note 31)
