Calculate the number of days sales in inventory for each company.

Calculate the debt to equity ratio for Famous Daves for the current and

prior year

Calculate the debt to equity ratio for Texas Roadhouse for the current

and prior year. (5 pts)

December 23, 2013 December 2016 11,598 761 1.346 BBQ HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, excepe per share data) ASSETS Current assets: Cash and cash equivalents Restricted cash Accounts receivable, net of allowance for doubtful accounts of $1.32,000 and S192,000, respectively Inventories Prepaid income taxes and income taxes receivable Prepaid expenses and other current assets Assets held for sale Total current assets Property, equipment and leasehold improvements, net Other assets: Operating lease right of use assets Goodwill Intangible assets, net Deferred tax asset met Other assets 4,300 722 377 1,363 1,356 2.842 19,202 10,385 19,756 25.92 640 2.213 6.646 1,591 73,081 1,428 5,747 1,533 38,356 3,765 3.967 $ 4.230 616 2.694 4975 16.482 B08 2.970 8,912 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Current portion of lease liabilities Current portion of long-term debt and financing lease obligations Accrued compensation and benefits Other current liabilities Total current liabilities Long term liabilities: Lease liabilities, less current portion Long-term debt, less current portion Other liabilities Total liabilities Shareholders' equity: Common stock, 5.01 par value, 100,000 shares authorized, 9.272 and 9,085 shares issued and outstanding at December 29, 2019 and December 30, 2018, respectively Additional paid in capital Retained earnings Total shareholders' equity Non-controlling interest Total equity 26,957 1.610 51 307 2,411 4,492 15,815 93 7,856 14.403 22372 (598) 21.774 72081 91 7,375 15,075 22,541 22,541 30,356 See accompanying notes to consolidated financial statements. BBQ HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, excepe per share data) December 23, 2018 67.278 12,126 1.616 1,249 December 31, 2018 38,051 13,871 1,932 1,034 21,541 24,565 21,269 2,231 10,992 1.616 1.296 11,973 13,663 11,932 1,264 7,988 1,982 145 Revenue: Restaurant sales, et Franchise royalty and fee revenue Franchisee national advertising fund contribution Licensing and other revenue Total revenue Costs and expenses Food and beverage costs Labor and benefits costs Operating expenses Depreciation and amortization expenses General and administrative expenses National advertising fund expenses Asset impairment, estimated lease termination charges and other closing COSIS, net Pre-opening expenses (Gain) loss on disposal of property and bargain purchases, net Total costs and expenses (Loss) income from operations Other income (expense): Interest expense Interest income Total other expense (Loss) income before income taxes Income tax benefit (expense) Net (less) income Less: Net loss attributable to non-controlling interest Net (lass) income attributable to shareholders 74 83,896 29 48,926 (1.627) 5.962 (494) 215 (279) 122 (371) (1,906) 5,591 4,862 (1.247) 598 649 0.57 $ $ Basic net (los) income per share attributable to shareholders (0.07) Diluted met (less) income per share attributable to shareholders (0.07 Weighted average shares outstanding - basic 9,099 Weighted average shares outstanding - diluted 9,099 See accompanying notes to consolidated financial statements 4399 F3 BBQ HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in thousands) Adillional Commi Stock Paid in Related Shareholders Nos coming A tamils Balance - December 31, 2017 7,3765 70 $ 1,460 $ 11,951 $ 13,481 3 13,481 Cumulative effect of change in accounting principle (1,738) (1,738) (1,738) Common stock issued pursuant to rights offering 1,582 18 5,119 5,137 5,137 Exercise of stock options 102 2 432 434 Stock-based compensation 25 1 364 365 365 Net income 4,162 4,862 Balance - December 30, 2018 91 $ 7,375 $ 15,075 $ 22,5415 $22.541 Exercise of stock options 5 20 20 20 Stock-based compensation 182 2 461 Other (3) (3) (3) Net loss (549) (1,247 Balance - December 29, 2019 9.2725 93 $ 7,856 $ 14,423 $ 22,372 (588) $ 21,774 11 NINE See accompanying notes to consolidated financial statements F-4 Texas Roadhouse, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share data) December 31, 2019 December 25, 2018 S 107,879 210,125 99,105 20.267 2015 92,114 18,827 7,569 16,384 345,019 247 899 956,676 1,056,563 499,801 124,748 123,220 1.959 1.234 53,120 1.982.565 42.402 1.469.276 s Current assets Cash and cash equivalents Receivables, net of allowance for doubtful accounts of $12 at December 31, 2019 and $34 at December 25, 2018 Inventories, net. Prepaid income taxes Prepaid expenses Total current assets Property and equipment, net of accumulated depreciation of $678,988 at December 31, 2019 and S602,451 at December 25, 2018 Operating lease right of use asset, net Goodwill Intangible assets, net of accumulated amortization of S14,141 at December 31, 2019 and $13,416 at December 25, 2018 Other assets Total assets Liabilities and Stockholders' Equity Current liabilities: Current portion of operating lease liabilities Accounts payable Deferred revenue gift cards. Accrued wages.. Accrued taxes and licenses Dividends payable Other accrued liabilities, Total current liabilities Operating lease liabilities, net of current portion Restricted stock and other deposits Deferred rent Deferred tax liabilities, net Other liabilities Total liabilities Texas Roadhouse, Inc. and subsidiaries stockholders' equity: Preferred stock (50.001 par value, 1,000,000 shares authorized; no shares issued or outstanding). Common stock (50.001 par value, 100,000,000 shares authorized, 69,400,252 and 71,617,510 shares issued and outstanding at December 31, 2019 and December 25, 2018, respectively) Additional paid-in-capital Retained earnings.. Accumulated other comprehensive loss. Total Texas Roadhouse, Inc. and subsidiaries stockholders' equity. Noncontrolling interests, Total equity. Total liabilities and equity 17,263 61,653 209,258 39,699 30,433 58.914 417.220 538,710 8.249 62.060 192,242 34,159 24,631 17,904 54,146 385,142 7.703 22,695 65.522 1,052,896 48,079 17.268 50,276 508,568 69 140,501 775,649 (225) 915,994 15,175 981.169 1,081,565 72 257,388 688,337 (228) 945,569 15,139 960,70N 1.469 226 See accompanying notes to Consolidated Financial Statements Texas Roadhouse, Inc. and Subsidiaries Consolidated Statements of Income and Comprehensive Income (In thousands, except per share data) Piscal Year Ended December 31. December 25, December 26, 2018 2017 Revenue: Restaurant and other sales $ 2,734,177 $ 2,437,115 $ 2,203,017 Franchise royalties and fees 21.986 20,334 16,514 Total revenue 2.756,163 2,457 449 2,219,531 Costs and expenses Restaurant operating costs (excluding depreciation and amortization shown separately below! Cost of sales. 883,357 795,300 721,550 Labor 905,614 793,384 687,545 Rent 52,331 48,791 44,807 Other operating 418.448 375.477 342,702 Pre-opening 20.156 19.051 19,274 Depreciation and amortization 115.544 101216 91,499 Impairment and closure, net (199) 278 654 General and administrative 149.389 136 16% 123,294 Total costs and expenses. 2,544,140 2,269,660 2,033,825 Income from operations 212.023 187.789 186,206 Interest income (expense.net 1,514 (591) (1.577) Equity income from investments in unconsolidated affiliates. 378 1,353 1.488 Income before taxes 213,915 188,551 186,117 Provision for income taxes.. 32.397 24.257 48,581 Net income including noncontrolling interests 181,518 164.294 137,536 Less: Net income attributable to noncontrolling interests 7,066 6,069 6,010 Net income attributable to Texas Roadhouse, Inc. and subsidiaries 174,452 $ 158,225 $ 131,526 Other comprehensive income (loss), net of tax Foreign currency translation adjustment, net of tax of (SI), 553 and (597), respectively. (189) 155 Total comprehensive income 174.455 S 158,036 Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries: Basic $ 2.47 $ 2215 1.85 Diluted 2.46 5 2.20 $ 1.84 Weighted average shares outstanding: Basic 70.509 71.467 70,989 Diluted. 70.916 71.964 71,527 Cash dividends declared per share 1.20 1.00 $ 0.84 See accompanying notes to Consolidated Financial Statements, Texas Roadhouse, Inc. and Subsidiaries Consolidated Statements of Stockholders' Equity (tabular amounts in thousands, except share data) Blasco, December 27, 2016 Add Other Head, Inc. Parali Riu Cave Nectar Share Yales Capital Earsiap Subsidiarik tokrat 2012,737 S TIS 219.5 550,3235 K.DIG S758.342 131,536 155 5.417 Noclegir cation Tuirhatia in alling intral haliar Didde de Indeparture for me 1 1511 1111 (11 www M14 RENT ST 52 541 50,4 2014 110 1381 Hata 2017 Met Negresco Dergie Action Cartbeator taruthe tar. Dewidende declared 10 por 2.331 5.746 1491 2331 3.345 33 (71,500 1.000 91.300) (71.509) 1 Intina parkansaf huramaran tara alakapiam at ASE Or, Amma (1436 USIR27 in, hair 23, 2011 bera, Thutu all airs Air 19444 1 1 1 TH 19411 ITO (144) nad Indepecha bareformisan Harihara , Cardinale a adapts of ASC 42. Lewe (12471 (2.625245) 3241 112.4T1) (124111 (192340 12.AT Thalanes, Ihares 31, 2018, 5142SI SE 55.30 ITS 531.150 See accompanying notes to Consolidated Financial Statements