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Help me answer all questions with detailed explanation to get a thumbs up The following is information about Darden Restaurants. They describe themselves in the
Help me answer all questions with detailed explanation to get a thumbs up
The following is information about Darden Restaurants. They describe themselves in the following manner: Darden Restaurants, Inc., (NYSE: DRI) headquartered in Orlando, FL, is the world's largest company-owned and operated full-service restaurant company with almost $6.7 billion in annual sales and approximately 180,000 employees. The Company owns and operates more than 1,700 restaurants including Red Lobster, Olive Garden, LongHorn, Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52. Darden Restaurants competes in a very intense restaurant indfstry, which includes Brinker International who owns, develops, operates and franchises the Chili's Grill \& Bar (Chili's), On The Border Mexican Grill \& Cantina (On The Border), Maggiano's Little Italy (Maggiano's) and Romano's Macaroni Grill (Macaroni Grill) restaurant brands. Let's analyze some of their ratios to see if Darden is competing well. This table provides some selected historic financial ratios for Darden Restaurants and Briter International. a. (5 points) Calculate the current ratio for Darden from the balance sheet on May 25, 2008. Has liquidity improved or worsened at Darden in the recent past? Briefly explain. b. (5 points) Calculate Debt to Asset Ratio for Darden from tt balance sheet on May 25, 2008. Has solvency improved or worsened at Darden in the recent past? Briefly explainStep by Step Solution
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