Kansas Pizza Pantry opened its first restaurant in Lawrence, Kansas in 1985. Almost immediately after the first location opened, it expanded from Kansas Pizza Pantry to more than 250 locations in more than 30 states and 11 countries. Kansas Pizza Pantry completed an initial public offering in August 2000. Several years ago, Silver Capital completed the acquisition of Kansas Pizza Pantry and, as a result of the acquisition, the company's common stock is no longer publicly traded.

KANSAS PIZZA PANTRY, INC., AND SUBSIDIARIES Consolidated Statements of Operations (amounts in thousands, except for per share data)
		Year 3				Year 2				Year 1
	Revenues:
	Restaurant sales	$	628,857			$	652,585			$	666,016
	Royalties from licensing agreement		6,602				8,139				6,700
	Domestic franchise revenues		3,980				2,884				2,957
	International franchise revenues		3,003				2,158				2,521
	Total revenues		642,442				665,766				678,194
	Costs and expenses:
	Food, beverage and paper supplies		149,532				154,981				165,726
	Labor		237,333				247,750				247,476
	Direct operating and occupancy		142,820				142,373				140,567
	Cost of sales		529,685				545,104				553,769
	General and administrative		50,811				49,611				51,842
	Depreciation and amortization		37,126				40,301				40,499
	Pre-opening costs		3,349				1,883				4,678
	Loss on impairment of property and equipment		18,902				23,341				13,536
	Store closure costs		1,748				559				1,233
	Litigation, settlement and other costs		8,879				1,649				936
	Total costs and expenses		650,500				662,448				666,493
	Operating (loss)/income		(8,058	)			3,318				12,581
	Interest expense, net		(24	)			(784)				(1,444
	(Loss)/income before income tax (benefit)/provision		(8,082	)			2,534				11,137
	Income tax (benefit)/provision		(5,359	)			(2,131)				2,595
	Net (loss)/income	$	(2,723	)		$	4,665			$	8,542
	Net (loss)/income per common share:
	Basic	$	(0.06	)		$	0.19			$	0.34
	Diluted	$	(0.06	)		$	0.19			$	0.34
	Weighted average shares used in calculating net (loss)/income per common share:
	Basic		24,688				24,464				25,393
	Diluted		24,688				24,343				25,411

KANSAS PIZZA PANTRY, INC., AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except for share data)
		Year 3				Year 2
	Assets
	Current assets:
	Cash and cash equivalents	$	14,301			$	23,264
	Other receivables		12,594				12,941
	Inventories		6,307				6,357
	Current deferred tax asset, net		8,585				7,476
	Prepaid rent		291				5,757
	Other prepaid expenses		2,758				2,231
	Total current assets		44,836				58,026
	Property and equipment, net		242,246				256,216
	Noncurrent deferred tax asset, net		22,501				25,411
	Goodwill		4,702				4,822
	Other intangibles, net		5,037				4,914
	Other assets		8,713				7,309
	Total assets	$	328,035			$	356,698
	Liabilities and stockholders equity
	Current liabilities:
	Accounts payable	$	17,555			$	11,663
	Accrued compensation and benefits		23,793				23,601
	Accrued rent		21,024				20,087
	Deferred rent credits		4,298				4,145
	Other accrued liabilities		14,090				11,715
	Gift card liability		14,817				21,040
	Store closure reserve		74				346
	Total current liabilities		95,651				92,597
	Long-term debt		---				22,700
	Other liabilities		9,966				8,528
	Deferred rent credits, net of current portion		33,577				32,878
	Income taxes payable, net of current portion		327				9,925
	Commitments and contingencies		-				-
	Stockholders equity:
	Common stock$0.01 par value, 80,040,000 shares authorized, 26,600,000 and 26,200,000 shares issued and outstanding at end of Year 3, and Year 2, respectively		266				262
	Additional paid-in capital		175,563				174,400
	Retained earnings		12,685				15,408
	Total stockholders equity		188,514				190,070
	Total liabilities and stockholders equity	$	328,035			$	356,698

Required: 1. Compute the following ratios for Year 3 using information from the company annual report that was issued before Kansas Pizza Pantry was acquired. Assume a market price per share of $1.20. (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Negative amounts should be indicated by a minus sign.)

a. C. d. e. f. Return on equity Net profit margin Inventory turnover Current ratio Quick ratio Debt-to-equity ratio Price/earnings ratio g