California Pizza Kitchen opened its first restaurant In Beverly Hills in 1985. Almost immediately after the first location opened, it expanded from California to more than 250 locations in more than 30 states and 11 countries. California Pizza Kitchen completed an initial public offering in August 2000 and traded on the NASDAQ National Market under the ticker symbol CPKI On July 7, 2011, Golden Gate Capital completed the acquisition of California Pizza Kitchen and, as a result of the acquisition, the company's common stock is no longer publicly traded CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Statements of Operations Years ended January 2, 2011, January 3, 2010, and December 28, 2008 (amounts in thousands, except for per share data) 2010 2009 2008 Revenues Restaurant sales Royalties from licensing agreement Domestic franchise revenues International franchise revenues $632,676 6,222 3,230 2,433 $654,195 7,839 2,814 2,108 $668,686 6,680 2,887 2,151 644,561 666,956 680,404 Total revenues Costs and expenses Food, beverage and paper supplies Labor Direct operating and occupancy 149,042 237,863 143,520 154,491 247,680 142,277 165,836 247,606 140.671 Cost of sales General and administrative Depreciation and amortization Pre-opening costs Loss on impairment of property and equipment Store closure costs Litigation, settlement and other costs 530,425 51,181 37,316 3,299 18,789 1,740 8,769 544,448 51,241 40,491 1,873 22,991 571 1.619 554,113 52,092 40,609 4,508 13,386 1,065 746 Total costs and expenses 651,519 663,234 666,519 Operating (loss) income Interest expense, net (6,958) (13) 3,722 (818) 13.885 (1.354) ezto.mheducation.com/hm.tpx Domestic nranchise revenues International franchise revenues 3,230 2,433 2014 2,108 2,087 2,151 644,561 666,956 680,404 Total revenues Costs and expenses: Food, beverage and paper supplies Labor Direct operating and occupancy 149,042 237,863 143,520 154,491 247,680 142,277 165,836 247,606 140,671 Cost of sales General and administrative Depreciation and amortization Pre-opening costs Loss on impairment of property and equipment Store closure costs Litigation, settlement and other costs 530,425 51,181 37,316 3,299 18,789 1,740 8,769 544,448 51,241 40,491 1,873 22,991 571 1,619 554,113 52,092 40,609 4,508 13,386 1,065 746 Total costs and expenses 651,519 663,234 666,519 (6.958) Operating (loss)/income Interest expense, net 3.722 (818) 13,885 (1,354) (13) (Loss)'income before income tax (benefit)/provision Income tax (benefit)/provision (6,971) (5,962) 2.904 (2.117) 12,531 2,757 S (1,009) $ 5,021 Net (loss)/income $ 9,774 Net (loss)/income per common share: Basic $ (0.04) $ 0.21 A 0.31 $ $ (0.04) Diluted 0.21 $ 0.31 Weighted average shares used in calculating net (loss)'income per common share: Basic 24.518 24.094 25.223 Diluted 24.518 24.173 25.241 CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Balance Sheets January 2, 2011, and January 3 2010 (in thousands, except for share data) 2010 2009 Assets Current assets: Cash and cash equivalents Other receivables Inventories Current deferred tax asset, net Prepaid rent Other prepaid expenses $ 25,230 12,724 6,297 8,475 281 3,428 $ 25,424 13,671 6,027 7,326 5,427 2,341 Total current assets Property and equipment, net Noncurrent deferred tax asset, net Goodwill Other intangibles, net Other assets 56,435 248,556 22,373 5,092 5,149 8,583 60,216 261,126 25,283 5,092 5,026 7,179 Total assets $346,188 $363,922 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 $ 18,405 23,605 21,496 4,548 17,290 15.877 58 $11.793 23,533 19,759 4.235 14.515 21.940 436 Total current liabilities 101.279 96.211 Other intangibles, net Other assets 5,149 8,583 5,026 7,179 Total assets $346,188 $363,922 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 $ 18,405 23,605 21,496 4,548 17,290 15.877 58 $ 11,793 23,533 19,759 4,235 14,515 21,940 436 Total current liabilities 101,279 96,211 11,934 33,493 369 22,500 9,030 32,794 9,435 Long-term debt Other liabilities Deferred rent credits, net of current portion Income taxes payable, net of current portion Commitments and contingencies Stockholders' equity: Common stock$0.01 par value, 80,000,000 shares authorized, 24,779,797 and 24,395,800 shares issued and outstanding at January 2, 2011, and January 3, 2010, respectively Additional paid-in capital Retained earnings Total stockholders' equity 248 181,563 17,302 244 176,000 17,708 199,113 193,952 Total liabilities and stockholders' equity $346,188 $363,922 Compute the following ratios using information from the company annual report that was issued before California Pizza Kitchen was acquired (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). Negative amounts should be indicated by a minus sign.) a. Current ratio b. Quick ratio c. Profit margin d. Return on equity e Inventory turnover 1. Debt-to-equity g Earnings per share % %