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Computing ratios P12-8 (Static) Analyzing Financial Statements by Using Appropriate Ratios LO12-7, 12-8, 12-9, 12-10, 1211 MTY Food Group Inc. is a Canadian franchisor and
Computing ratios
P12-8 (Static) Analyzing Financial Statements by Using Appropriate Ratios LO12-7, 12-8, 12-9, 12-10, 1211 MTY Food Group Inc. is a Canadian franchisor and operator of numerous quick service restaurants operating under 75 brand names such as Thai Express, Mucho Burrito, Sushi Go, Jugo Juice, Tutti Frutti, and Manchu Wok. Its annual report for 2021 included the following statements: \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} MTY FOOD GROUP INC. \\ Consolidated Statenent of Financial Position \\ As at Novenber 30,2021 and 2020 \\ (in thousands of Canadian dollars) \end{tabular}} \\ \hline \multicolumn{5}{|l|}{ Assets } \\ \hline \multicolumn{5}{|l|}{ Current assets } \\ \hline Cash & $ & 61,231 & $ & 44,302 \\ \hline Accounts receivable & & 57,459 & & 55,886 \\ \hline Inventories & & 10,707 & & 9,415 \\ \hline Current portion of loans and other receivables & & 1,189 & & 1,527 \\ \hline Current portion of finance lease receivables & & 89,046 & & 90,303 \\ \hline Incone taxes receivable & & 3,712 & & 420 \\ \hline other assets & & 2,403 & & 2,792 \\ \hline \multirow[t]{2}{*}{ Prepaid expenses and deposits } & & 7,721 & & 6,750 \\ \hline & & 233,468 & & 211,395 \\ \hline Loans and other receivables & & 3,049 & & 3,233 \\ \hline Finance lease receivables & & 310,223 & & 377,824 \\ \hline Contract cost asset & & 5,631 & & 5,171 \\ \hline Deferred income taxes & & 185 & & 207 \\ \hline Investment in a joint venture & & 25,911 & & 26,612 \\ \hline Property, plant and equipment & & 17,526 & & 16,551 \\ \hline Right-of-use assets. & & 59,937 & & 69,223 \\ \hline Intangible assets & & 828,274 & & 864,029 \\ \hline \multirow[t]{2}{*}{ Goodwill } & & 428,390 & & 439,452 \\ \hline & & 1,904,594 & & 2,013,697 \\ \hline \multirow{2}{*}{\multicolumn{5}{|c|}{\begin{tabular}{l} Liabilities and shareholders' equity \\ Liabilities \end{tabular}}} \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Current liabilities } \\ \hline Accounts payable and accrued liabilities & \$ & 119,462 & $ & 111,372 \\ \hline Provisions & & 1,692 & & 3,065 \\ \hline Gift card and loyalty program liabilities & & 101,889 & & 95,233 \\ \hline Incone taxes payable & & 4,256 & & 18,335 \\ \hline Current portion of deferred revenue and deposits & & 16,100 & & 13,747 \\ \hline Current portion of long-terin debt & & 13,116 & & 12,888 \\ \hline Current portion of lease liabilities & & 101,973 & & 114,915 \\ \hline & & \begin{tabular}{l} 358,488 \\ 347,612 \end{tabular} & & \begin{tabular}{l} 369,555 \\ 447,654 \end{tabular} \\ \hline \end{tabular} iource: MTY Food Group Inc., Annual Report 2021. dditional information related to 2019 at year-end is as follows: he company's market price per share was \$54.71 at November 30, 2021 and $51.65 at November 30, 2020. For MTY Food Group Inc's past two years, compute the ratios given below. (Do not round intermediate calculations. Round the nal answers to 2 decimal places.) \begin{tabular}{|l|l|l|l|l|} \hline Market ratios: & & & \\ \hline Price/eamings ratio & & & & \\ \hline Dividend yield & & & & \\ \hline \end{tabular} Step by Step Solution
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