CASE 7-11 EAT AT MY RESTAURANT-DEBT VIEW In this case, we review the debt of several restaurant companies. The restaurant companies reviewed and the year-end dates are as follows: 1. Yum Brands, Inc. (Decembe: 25, 2010; December 26, 2009) (S2 weeks) "YUM consists of six operating segments: KFC-U.S., Pizza Hut-US, Taco Bell-U.S., Long John Silver's ("L.JS")-U.S. and A & W All American Food Restaurants ("A&W")- U.S., YUM Restaurants International ("YRI" or "International Division") and YUM Restaurants China ("China Division")." 10-K Source: Yum! Brands, Inc, and Subsidiaries 2010 10-K 2. Panera Bread (Decembe: 28, 2010; December 29, 2009) (S2 weeks) "Panera Bread Company and its subsidiaries, referred to as "Panera Bread," "Panera," the Company," "we," "us," and "our," is a national bakery-caf concept with 1,453 Campany-owned and franchise-operated bakery-caf locations in 40 states, the District of Columbia, and Ontario, Canada." 10-K Source: Panera Bread 2010 10-K 3. Starbucks October 3, 2010; September 27, 2009) (Fiscal year 2010 included $3 weeks, while fiscal year 2009 included S2 weeks). "Starbucks is the premier roaster and retailer of specialty coffee in the world, operating in more than 50 countries." 10-K Source: Starbucks Corporation 2010 10-K Yum Brands, Inc.Panera Bread 20102009 Starbucks 2010 2009 2010 2009 Times interest earned (times per year) 7.S2 6.10 267.91 200.89 35.0811.35 Fixed charge coverage (times per year) 4.10 3.7S 2S6.86 193.56 $.75 2.58 79.93 84.42 35.58 28.68 42.34 45.19 73.57 82.74 Debt to tangible net worth ratio (%) 1,242.43 5,028.33 72.66 48.97 80.91 92.70 Debt ratio (%) Debt/equity ratio {%) 398.26 S41.65.23 40.22