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Papa John's is one of the fastest-growing pizza delivery and carry-out restaurant chains in the country. Presented here are selected income statement and balance sheet
Papa John's is one of the fastest-growing pizza delivery and carry-out restaurant chains in the country. Presented here are selected income statement and balance sheet amounts (dollars in thousands). Net sales Net income Average shareholders' equity Average total assets Current Year Prior Year $1,282,087 $1,282,087 31,735 141,536 395,728 42,796 133,445 395,143 Required 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places. Current Year Prior Year ROA 2. Would security analysts more likely increase or decrease their estimates of share value on the basis of this change? O Increase
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