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Compute the following ratios using information from the company annual report that was issued before California Pizza Kitchen was acquired: - profit margin - earnings
Compute the following ratios using information from the company annual report that was issued before California Pizza Kitchen was acquired:
- profit margin
- earnings per share
2010 2009 2008 Revenues: $690,176 7,380 3,797 2,361 $647,166 6,922 4,140 2,643 $668,265 8,539 3,724 2,318 Restaurant sales Royalties from licensing agreement Domestic franchise revenues International franchise revenues Total revenues Costs and expenses Food, beverage and paper supplies Labor 703,714 660,871 682,846 151,212 242,973 151,220 156,661 249,990 144,405 168,006 249,916 142,799 Direct operating and occupancy 551,056 54,391 42,661 2,083 23,341 795 1,689 560,721 55,242 42,779 4,718 13,736 1,289 816 Cost of sales 545,405 54,331 39,486 3,509 19,139 1,964 8,839 General and administrative Depreciation and amortization Pre-opening costs Loss on impairment of property and equipment Store closure costs Litigation, settlement and other costs Total costs and expenses 679,301 672,673 676,016 6,830 (1,028) Operating (loss)income Interest expense, net (11,802) (18) 24,413 (1,564) 5,802 (2,299) (Loss)/income before income tax (benefit)/provision Income tax (benefit)/provision (11,820) (10,138) 22,849 5,027 $ 8,101 Net (loss)/income $(1,682) $17,822 Net (loss)/income per common share: Basic $ (0.06) $ $ 0.31 0.45 $ (0.06) $ $ 0.45 Diluted 0.31 Weighted average shares used in calculating net (loss)/income per common share: Basic 25.433 24.728 24.304 24.383 25.451 Diluted 24.728 EA 2010 2009 Assets Current assets: $ 53,230 22,534 9,737 10,225 661 $ 53,424 23,481 9,317 9,076 8,717 4,511 Cash and cash equivalents Other receivables Inventories Current deferred tax asset, net Prepaid rent Other prepaid expenses 9,798 106,185 298,326 24,277 8,382 7,333 10,473 108,526 301,496 27,187 8,382 7,210 9,069 Total current assets Property and equipment, net Noncurrent deferred tax asset, net Goodwill Other intangibles, net Other assets $454,976 $ 461,870 Total assets Liabilities and stockholders' equity Current liabilities: $ 27,715 25,929 29,000 8,078 42,490 26,177 86 Accounts payable Accrued compensation and benefits Accrued rent $15,503 25,857 23,063 7,665 39,715 31,040 1,206 Deferred rent credits Other accrued liabilities Gift card liability Store closure reserve 144,049 Total current liabilities 159,475 Long-term debt Other liabilities 23,900 18,044 37,406 11,605 24,650 38,105 719 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, 26,179,797 and 25,795,800 shares issued and outstanding at January 2, 2011, and January 3, 2010, respectively Additional paid-in capital Retained earnings 262 258 195,563 36,202 190,000 36,608 Total stockholders' equity 232,027 226,866 Total liabilities and stockholders' equity $454,976 $ 461,870Step by Step Solution
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