ATC 4-4 (Static) Real-World Case: Performing ratio analysis using real-world data LO 4-8

Bloomin' Brands, Incorporatedis the corporation behind five restaurant chains:

Outback Steakhouse,Carrabba's Italian Grill,Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar,andRoy's. The following data were taken from its 2018 annual report. All dollar amounts are in millions.

Fiscal Years Ending

December 30, 2018 december 30 2017

Total restaurant sales $ 4,061 $ 4,169

Cost of goods sold 1,296 1,317 Net income 110 103

a) Compute Bloomin' Brands' gross margin percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).)

b) Compute Bloomin' Brands' return-on-sales percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).)

c) Based on the percentages computed in Requirementsaandb, did Bloomin' Brands' performance get better or worse from 2017 to 2018?