Question
ATC 2-3 Business Application Case Analyzing earnings information using real-world data LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12 The
ATC 2-3 Business Application Case Analyzing earnings information using real-world data LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12
The following data are based on information in the 2016 annual report of Cracker Barrel Old Country Store. As of July 29, 2016, Cracker Barrel operated 595 restaurants and gift shops in 43 states. Dollar amounts are in thousands.
| 2016 | 2015 | ||||||
| Assets | $ | 1,432,067 | $ | 1,315,181 | |||
| Liabilities | 1,170,450 | 1,123,559 | |||||
| Stockholders equity | 261,617 | 191,622 | |||||
| Revenues | 2,544,515 | 2,437,285 | |||||
| Expenses | 2,389,257 | 2,315,359 | |||||
| Dividends | 19,865 | 19,531 | |||||
| Retained earnings at end of 2014 | $ | 120,850 | |||||
Required a. Calculate the companys net income and retained earnings for 2015 and 2016. b. Calculate the percentage increased/decreased in the company's revenue and net income. c. For each year, calculate the companys net income as a percentage of its revenues. d. Did the company perform better in 2015 or 2016?
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