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Assets Current assets: LAINEY'S FAMOUS PIZZA, INCORPORATED AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except for share data) Year 3 Year 2 Cash and
Assets Current assets: LAINEY'S FAMOUS PIZZA, INCORPORATED AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except for share data) Year 3 Year 2 Cash and cash equivalents Receivables Inventories Current deferred tax asset, net Prepaid rent Other prepaid expenses Total current assets Property and equipment, net Noncurrent deferred tax asset, net Goodwill Other intangibles, net Other assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Accrued compensation and benefits Accrued rent Deferred rent credits Other accrued liabilities Gift card liability Store closure reserve Total current liabilities Long-term debt Other liabilities Deferred rent credits, net of current portion $ 21,230 11,594 5,827 $ 21,424 12,541 5,557 8,225 7,076 231 4,957 2,518 2,031 49,625 53,586 250,446 255,416 22,101 25,011 4,622 4,622 4,837 4,714 8,313 6,909 $ 339,944 $ 350,258 $ 17,075 23,273 $ 11,263 23,201 19,287 20,424 4,058 3,745 13,690 10,915 14,577 20,640 54 326 93,151 89,377 22,300 9,886 7,728 33,177 32,478 319 9,125 Income taxes payable, net of current portion Commitments and contingencies Stockholders' equity: Common stock-$0.01 par value, 80,000,000 shares authorized, 24,579,797 and 24,195,800 shares issued and outstanding at the end of Year 3 and Year 2, respectively Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: 246 179,563 23,602 203,411 242 174,000 15,008 189,250 $ 339,944 $ 350,258 1. Compute the following ratios for Year 3 using information from the company's financial statements. Assume a market price per share of $1.12. Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). a. Return on equity ratio b. Net profit margin ratio c. Inventory turnover ratio d. Current ratio e. Quick ratio f. Debt-to-equity ratio g. Price earnings ratio 43.74 % 1.28% 96.36
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