Case 1: Brinker International. Download financial statements (income statement and balance sheet) from the Internet (http://www.brinker.com/ (Links to an external site.)) Refer to the mini case at the end of Chapter 3 and do Parts b, c, d, e, f, g, h, i for Brinker for the most recent year. Show how you derive all answers.

b. Calculate the 2016 current and quick ratios based on the projected balance sheet and income statement data. What can you say about the compny's liquidity position in 2014, 2015, and as projected for 2016?

c. Calculate the 2016 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. How does Brinker International's utilization of assets stack up against that of other firms in it's industry?

d. Calculate the 2016 debt ratio, liabilities-to-assets ratio, times-interest-earned, and EBITDA coverage ratios. How does Brinker International compare with industry with respect to financial leverage? What can you conclude from these ratios?

e. Calculate the 2016 profit margin, basic earning power (BEP), return on assets (ROA), and return on equity (ROE). What can you say about these ratios?

f. Calcuate the 2016 price/earnings ratio, price/cash flow ratio, and market/book ratio. Do these ratios indicate that investors are expected to have a high or low opinion of the company?

g. Peform a common sixe analysis and percentage change analysis. What do these analyses tell you about Brinker International?

h. Use the extended DuPont equation to provide a summary and overview of Brinker International's financial condition as projected for 2016. What are the firm's strengths and weaknesses?

i. What are some potential problems and limitations of financial ratio analyses?

PLEASE SHOW HOW YOU DERIVED ALL ANSWERS PLEASE

INCOME STATEMENTS AND BALANCE SHEETS CAN BE FOUND AT BRINKER.COM

PLEASE USE MOST RECENT YEAR FINANCIAL STATEMENTS