IV. From the CHEESECAKE FACTORY statements attached, please compute the following ratios: A. Current ratios for 2019 and 2018, in the form x.xx. Show the
IV. From the CHEESECAKE FACTORY statements attached, please compute the following ratios:
A. Current ratios for 2019 and 2018, in the form x.xx. Show the total figures you are using.
2019 2018
B. Quick (acid-test) ratios for 2019 and 2019, in the form x.xx. Show the total figures you are using.
2019 2018
C. Profit Margin Percentages for 2017, 2018, and 2019. Show the total figures you are using, in the form x.xx%
2017 2018 2019
THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) December 31, 2019 January 1, 2019 ASSETS $ 26,578 20,928 Current assets: Cash and cash equivalents Accounts receivable. Income taxes receivable Other receivables. Inventories... Prepaid expenses Total current assets. 58,416 S 25,619 4,626 64,683 47,225 43,946 244,515 68,193 38.886 40,645 195,230 Property and equipment, net 831,599 913,275 437,207 26,209 34,961 Other assets: Intangible assets, net Prepaid rent Operating lease assets Investments in unconsolidated affiliates Other ......... Total other assets 1,240,976 86,296 1.764,479 79,767 64.691 205,628 Total assets 2,840,593 S 1,314,133 61,946 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Income taxes payable. Gift card liabilities Operating lease liabilities Other accrued expenses Total current liabilities 49,071 712 172,336 187,978 128,081 236,582 614,587 194,381 416,500 33,847 52,123 79,697 113,095 10,000 290,000 1,189,869 140,548 71,659 Deferred income taxes Deferred rent liabilities. Deemed landlord financing liabilities Long-term debt Operating lease liabilities. Other noncurrent liabilities Commitments and contingencies (Note 14). Stockholders' equity: Preferred stock, S.01 par value, 5,000,000 shares authorized: none issued Common stock, S.01 par value, 250,000,000 shares authorized; 97,685,178 and 96,621,990 shares issued at December 31, 2019 and January 1, 2019, respectively Additional paid-in capital Retained earnings Treasury stock, 52,916,434 and 51.791.941 shares at cost at December 31, 2019 and January 1, 2019, respectively Accumulated other comprehensive loss Total stockholders' equity 977 855,989 1,408,333 967 828,676 1,384,494 (1.693,122) (435) 571.742 (1,642,140) (938) 571,059 Total liabilities and stockholders' equity $ 2,840,593 S 1,314,133 See the accompanying notes to the consolidated financial statements. 59 THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) Fiscal Year 2019 2018 2017 $2,482,692 $2.332,331 $2,260,502 519,388 777,595 561,783 899,667 631,613 160,199 88,133 18,247 5,270 532,880 834,134 566,825 154.770 95,976 17,861 552.791 141,533 92,729 10,343 Revenues Costs and expenses: Cost of sales Labor expenses Other operating costs and expenses General and administrative expenses Depreciation and amortization expenses Impairment of assets and lease terminations Acquisition-related costs. Acquisition-related contingent consideration, compensation and amortization expenses. Preopening costs Total costs and expenses Income from operations Gain/(loss) on investments in unconsolidated affiliates Interest and other expense, net Income before income taxes Income tax provision/(benefit) Net income 1,033 13,149 10,937 13,278 2,379,094 2,213,383 2.107.657 103,598 118.948 152,845 39,233 (4,754) (479) (2,497) (6,783) (5,900) 140,334 107,411 146,466 13,041 8,376 (10,926) $ 127,293 $ 99,035 S 157,392 Net income per share: Basic ........ Diluted $ 2.90 $ 2.86 $ 2.19 $ 2.14 $ 3.35 3.27 Weighted average shares outstanding: Basic Diluted 43,949 44.545 45,263 46,215 46,930 48,152 See the accompanying notes to the consolidated financial statements. THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) Fiscal Year 2019 2018 2017 $ 127,293 $ 99,035 S 157,392 Net income. Other comprehensive gain/(loss): Foreign currency translation adjustment. Other comprehensive gain (loss) Total comprehensive income 503 (850) (88) 503 (850) (88) $ 127,796 $ 98,185 S 157,304 See the accompanying notes to the consolidated financial statements. 60
