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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

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 companys 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 $ 634,746 $ 656,205 $ 671,756
Royalties from licensing agreement 6,322 7,939 6,780
Domestic franchise revenues 3,360 2,944 3,017
International franchise revenues 2,463 2,138 2,181
Total revenues 646,891 669,226 683,734
Costs and expenses:
Food, beverage and paper supplies 149,352 154,801 166,146
Labor 238,593 248,010 247,936
Direct operating and occupancy 144,620 142,581 140,975
Cost of sales 532,565 545,392 555,057
General and administrative 51,631 51,691 52,542
Depreciation and amortization 37,626 40,801 40,919
Pre-opening costs 3,329 1,903 4,538
Loss on impairment of property and equipment 18,839 23,041 13,436
Store closure costs 1,772 603 1,097
Litigation, settlement and other costs 8,779 1,629 756
Total costs and expenses 654,541 665,060 668,345
Operating (loss)/income (7,650) 4,166 15,389
Interest expense, net (15) (848) (1,384)
(Loss)/income before income tax (benefit)/provision (7,665) 3,318 14,005
Income tax (benefit)/provision (6,268) (2,143) 3,081
Net (loss)/income $ (1,397) $ 5,461 $ 10,924
Net (loss)/income per common share:
Basic $ (0.06) $ 0.22 $ 0.33
Diluted $ (0.06) $ 0.22 $ 0.33
Weighted average shares used in calculating net (loss)/income per common share:
Basic 24.548 24.124 25.253
Diluted 24.548 24.203 25.271

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 $ 29,230 $ 29,424
Other receivables 13,854 14,801
Inventories 6,767 6,497
Current deferred tax asset, net 8,725 7,576
Prepaid rent 331 5,897
Other prepaid expenses 4,338 2,651
Total current assets 63,245 66,846
Property and equipment, net 255,666 266,836
Noncurrent deferred tax asset, net 22,645 25,555
Goodwill 5,562 5,562
Other intangibles, net 5,461 5,338
Other assets 8,853 7,449
Total assets $ 361,432 $ 377,586
Liabilities and stockholders equity
Current liabilities:
Accounts payable $ 19,735 $ 12,323
Accrued compensation and benefits 23,937 23,865
Accrued rent 22,568 20,231
Deferred rent credits 5,038 4,725
Other accrued liabilities 20,890 18,115
Gift card liability 17,177 23,240
Store closure reserve 62 546
Total current liabilities 109,407 103,045
Long-term debt --- 22,700
Other liabilities 13,982 10,332
Deferred rent credits, net of current portion 33,809 33,110
Income taxes payable, net of current portion 419 9,745
Commitments and contingencies - -
Stockholders equity:
Common stock$0.01 par value, 80,000,000 shares authorized, 24,979,797 and 24,595,800 shares issued and outstanding at January 2, 2011, and January 3, 2010, respectively 250 246
Additional paid-in capital 183,563 178,000
Retained earnings 20,002 20,408
Total stockholders equity 203,815 198,654
Total liabilities and stockholders equity $ 361,432 $ 377,586

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.) image text in transcribed Reference: http://www.chegg.com/homework-help/analyzing-financial-statements-using-appropriate-ratioscalif-chapter-13-problem-10p-solution-9781259116834-exc NOTE: THERE ARE PLENTY OF SOLUTIONS THAT GIVE ANSWERS FOR TWO DIFFERENT YEARS LIKE ONE ANSWER FOR 2009 AND ONE FOR 2010. KINDLY ONLY PROVIDE WHAT GOES IN THE SOLUTION BOXES ABOVE!

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