Please answer the question in the attached document.

Consolidated Balance Sheet - USD ($) $ in Thousands Current assets Cash and equivalents Restricted cash and cash equivalents Accounts and notes receivable, net Inventories, at cost, not in excess of market Deferred tax asset Prepaid expenses and other current assets Advertising fund assets, restricted Income tax receivable Assets held for sale Total current assets Property and equipment Land and buildings Leasehold and other improvements Equipment Property and equipment, at cost Construction in progress Accumulated depreciation and amortization Net property and equipment Other assets Prepaid rent Liquor licenses Investments in and advances to affiliates Investments in marketable securities, restricted Goodwill Intangibles, net Capitalized software, net of accumulated amortization of $61,330 in 2015 Other assets, net of accumulated amortization of $776 in 2015 Deferred income taxes Deferred tax asset Miscellaneous Total other assets Total assets Current liabilities Current portion of long-term debt Accounts payable Deferred revenue Income taxes Deferred tax liability, current Other taxes McDonald's Domino's Dec. 31, 2015 Jan. 03, 2016 $ 7,685,500 $ 1,298,700 100,100 558,700 9,643,000 133,449 180,940 131,582 36,861 ### 20,646 99,159 ### ### 602,637 37,692,400 (14,574,800) 23,117,600 29,064 111,071 186,405 9,633 (204,283) 131,890 792,700 2,516,300 - ### ### 6,054 16,097 ### 28,505 1,869,100 5,178,100 37,938,700 8,797 5,865 ### 65,318 799,845 874,700 154,800 309,000 59,333 106,927 ### ### - Accrued compensation Accrued interest Accrued payroll and other liabilities Insurance reserves Dividends payable Advertising fund liabilities Other accrued liabilities Liabilities held for sale Total current liabilities LONG-TERM LIABILITIES: Long-term debt, less current portion Deferred rent Insurance reserves Financing lease obligations, less current portion Other accrued liabilities Other long-term liabilities Deferred income taxes Total long-term liabilities Total liabilities Shareholders' equity Common stock (McDonald's: $.01 par value; authorized - 3.5 billion shares; issued - 1,660.6 million shares) $ 233,100 1,378,800 2,950,400 32,999 20,459 17,597 557 99,159 38,952 ### 375,983 24,122,100 2,074,000 1,704,300 27,900,400 30,850,800 2,181,460 ### 23,314 ### 19,339 2,224,113 2,600,096 16,600 - Common stock (Domino's: par value $0.01 per share; 170,000,000 shares authorized; 49,838,221 in 2015 issued and outstanding) - $ 498 Common stock (Noodles & Co.: $0.01 par value, authorized 180,000,000 shares as of December 29, 2015; 30,138,672 issued and 27,714,801 outstanding as of December 29, 2015) - ### Common stock (Famous Dave's: $.01 par value, 100,000 shares authorized, 6,958 shares issued and outstanding at January 3, 2016) - ### Common stock (Fogo de Chao: $0.01 par value, 200,000,000 shares authorized and 28,069,466 shares issued and outstanding as of January 3, 2016) - ### Preferred stock (McDonald's: no par value; authorized - 165.0 million shares; issued - none) - ### Preferred stock (Domino's: par value $0.01 per share; 5,000,000 shares authorized, none issued) - ### Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued and outstanding as of January 3, 2016 - ### Common stock in treasury, at cost (McDonald's: 753.8 and 697.7 million shares) (41,176,800) - Treasury stock, at cost (Noodles & Co.: 2,423,871 shares as of December 29, 2015) - ### 6,533,400 6,942 Additional paid-in capital Retained earnings (deficit) Accumulated other comprehensive income (loss) Total shareholders' equity (deficit) Noncontrolling interests Total equity Total liabilities and shareholders' equity 44,594,500 (1,804,143) (2,879,800) (3,548) 7,087,900 (1,800,251) ### 7,087,900 (1,800,251) $ 37,938,700 $ 799,845 Noodles & Co. Famous Dave's Fogo de Chao Dec. 29, 2015 Jan. 3, 2016 Jan. 03, 2016 $ 1,912 $ 4,990 10,494 7,185 820 25,401 5,300 $ 1,087 4,677 2,070 181 1,671 2,211 17,197 McDonald's Common-Size Percentages Domino's Noodles & Co. 24,919 12,315 4,586 2,918 3,023 ### ### 47,761 20% 0% 3% 0% 0% 1% 0% 0% 0% 25% 17% 23% 16% 5% 0% 3% 12% 0% 0% 75% 1% 0% 2% 4% 0% 3% 0% 0% 0% 11% 203,713 32,491 ### ### ### ### ### ### 136,687 0% 0% 0% 99% 0% -38% 61% 4% 14% 23% 0% 1% -26% 16% 0% 0% 0% 0% 0% 0% 85% 6,400 1,809 - 2,902 - 317 742 ### ### 205,347 92,980 ### 0% 0% 2% 0% 7% 0% 0% 0% 0% 1% 2% 0% 0% 0% 0% 0% 3% 1% 664 1,974 10,847 239,961 4,411 824 8,137 57,825 ### ### 342 3,319 303,047 487,495 0% 0% 0% 0% 5% 14% 100% 4% 1% 1% 0% 0% 8% 100% 0% 0% 0% 0% 1% 5% 100% 15,073 - 2,193 5,685 101 - 28,907 5,164 ### ### 0% 2% 0% 0% 0% 1% 7% 13% 0% 0% 0% 0% 0% 6% 0% 0% 0% 0% $ 5,417 12,424 32,914 1,390 3,406 1,747 14,522 ### ### ### ### ### 34,071 0% 1% 4% 0% 0% 0% 0% 0% 8% 4% 3% 0% 2% 0% 12% 5% 0% 47% 0% 0% 2% 0% 0% 0% 5% 0% 14% 67,732 39,597 5,946 113,275 146,189 10,200 2,757 8,285 21,242 35,764 165,000 17,831 ### ### 2,088 15,951 200,870 234,941 64% 0% 0% 0% 0% 5% 4% 74% 81% 273% 0% 3% 0% 2% 0% 0% 278% 325% 28% 17% 0% 0% 0% 2% 0% 47% 61% - - ### - ### 0% 0% 0% - ### 0% 0% 0% 66 - 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -109% 0% 0% 0% 17% 0% 1% -15% 50% 301 - $ - - $ 281 - - ### - - ### - - ### - - ### (35,000) - ### 120,634 - 274,344 $ 7,971 (134) 93,772 93,772 239,961 $ 21,995 22,061 22,061 57,825 $ 35,451 (59,465) 250,611 1,943 252,554 487,495 118% -8% 19% 0% 19% 100% -226% 0% -225% 0% -225% 100% 3% 0% 39% 0% 39% 100% n-Size Percentages Famous Dave's Fogo de Chao 9% 2% 8% 4% 0% 3% 0% 0% 4% 30% 5% 0% 3% 1% 1% 1% 0% 0% 0% 10% 0% 0% 0% 0% 0% 0% 56% 0% 0% 0% 0% 0% 0% 28% 0% 0% 0% 0% 0% 5% 0% 0% 0% 0% 42% 19% 0% 0% 0% 8% 1% 14% 100% 0% 0% 0% 0% 1% 62% 100% 4% 10% 0% 0% 0% 0% 0% 6% 1% 0% 0% 0% 2% 0% 0% 0% 0% 0% 6% 3% 25% 0% 0% 0% 0% 0% 0% 0% 0% 7% 18% 0% 0% 5% 0% 14% 0% 37% 62% 34% 4% 0% 0% 0% 0% 3% 41% 48% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 56% 38% 0% 38% 0% 38% 100% 7% -12% 51% 0% 52% 100% Consolidated Statement of Income - USD ($) shares in Thousands, $ in Thousands REVENUES Sales by Company-operated restaurants Franchising royalties and fees Licensing and other revenue Total revenues McDonald's Domino's Dec. 31, 2015 Jan. 03, 2016 $ 16,488,300 $ 2,216,528 8,924,700.0 ### $ 25,413,000 $ 2,216,528 OPERATING COSTS AND EXPENSES Cost of sales Labor & benefits costs Food & beverage costs Occupancy & other operating expenses Franchised restaurants-occupancy expenses Marketing and advertising costs Selling, general & administrative expenses Depreciation and amortization Pre-opening Restaurant impairments, closure costs and asset disposals Loss on extinguishment/modification of debt Net loss on disposal of property Other operating (income) expense, net Total operating costs and expenses Operating income (loss) Interest income Interest expense Nonoperating income (expense), net Income (loss) before provision for income taxes Provision (benefit) for income taxes Net income from continuing operations Income (Loss) from Discontinued Operations, Net of Tax Net income (loss) Less: Net income (loss) attributable to noncontrolling interest Net income (loss) attributable to controlling interest EARNINGS PER SHARE: Earnings per common share-basic Earnings per common share-diluted Dividends declared per common share Weighted-average shares outstanding-basic Weighted-average shares outstanding-diluted 4,400,000 5,552,200 4,024,700 1,646,900 2,434,300 209,400 18,267,500 7,145,500 (638,300) 48,500 6,555,700 2,026,400 4,529,300 4,529,300 $ $ $ 1,533,397 ### 277,692 ### ### ### ### ### 1,811,089 405,439 313 (99,537) 306,215 113,426 ### ### 192,789 ### 192,789 4.82 $ 3.58 4.80 $ 3.47 3.44 $ 1.24 939,400 53,828.6 944,600 55,532.9 Noodles & Co. Famous Dave's Fogo de Chao Dec. 29, 2015 Jan. 3, 2016 Jan. 03, 2016 $ $ $ $ $ 450,482 4,969 455,451 $ $ 95,475 $ 17,797 954 114,226 $ 120,455 143,145 50,300 37,244 27,802 4,407 29,616 63,549 476,518 (21,067) (1,432) (22,499) (8,734) (13,765) (13,765) 32,553 29,093 19,021 4,452 1 1,520 (2,337) 27,780 112,083 2,143 11 (1,027) 1,127 (48) 1,079 (5,463) (4,384) (4,384) (0.48) $ (0.48) $ - $ 28,938.9 28,938.9 (0.63) $ (0.63) $ 6,992 7,013 McDonald's Domino's Noodles & Co. Dec. 31, 2015 Jan. 03, 2016 Dec. 29, 2015 271,634 271,634 65% 35% 0% 100% 100% 0% 0% 100% 99% 1% 0% 100% ### 60,224 80,062 46,153 ### 6,618 32,566 12,471 4,858 0% 17% 22% 16% 6% 0% 10% 0% 0% 0% 0% 0% 1% 72% 28% 0% -3% 0% 26% 8% 0% 0% 18% 0% 18% 69% 0% 0% 0% 0% 0% 13% 0% 0% 0% 0% 0% 0% 82% 18% 0% -4% 0% 14% 5% 0% 0% 9% 0% 9% 26% 31% 0% 11% 0% 0% 8% 6% 1% 7% 0% 0% 14% 105% -5% 0% 0% 0% -5% -2% 0% 0% -3% 0% -3% 5,991 (291) 248,652 22,982 856 (9,975) (34) 13,829 (14,168) 27,997 132 27,865 1.09 1.06 ### 25,519.3 26,324.1 Famous Dave's Fogo de Chao Jan. 3, 2016 Jan. 03, 2016 84% 16% 1% 100% 100% 0% 0% 100% 0% 28% 25% 0% 0% 0% 17% 4% 0% 1% 0% -2% 24% 98% 2% 0% -1% 0% 1% 0% 1% -5% -4% 0% -4% 0% 22% 29% 17% 0% 2% 12% 5% 2% 0% 2% 0% 0% 92% 8% 0% -4% 0% 5% -5% 0% 0% 10% 0% 10% Consolidated Statement of Retained Earnings - USD ($) $ in Thousands RETAINED EARNINGS Balance, beginning of year Net income (loss) Deferred Compensation Cash dividends declared - common Cash dividends declared - preferred Repurchases of common stock Stock option exercises, stock-based comp. and other Performance shares surrendered to cover payroll taxes incurred Balance, end of year McDonald's Domino's Dec. 31, 2015 Jan. 03, 2016 $ 43,294,500 $ (1,246,921) 4,529,300 192,789 ### (3,230,300) (66,524) ### (683,487) 1,000 ### $ 44,594,500 $ (1,804,143) Noodles & Co. Famous Dave's Fogo de Chao Dec. 29, 2015 Jan. 3, 2016 Jan. 03, 2016 $ $ 21,736 $ (13,765) 7,971 $ 31,734 $ (4,384) 60 (5,670) 470 (215) 21,995 $ 7,586 27,865 ### ### 35,451 Consolidated Statement of Cash Flows - USD ($) $ in Thousands McDonald's Domino's Dec. 31, 2015 Jan. 03, 2016 Operating activities Net income (loss) $ 4,529,300 $ Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization Amortization of definite-lived intangibles Amortization of favorable/unfavorable leases Amortization of debt issuance costs Amortization original issue discount (Gains) losses on sale/disposal of assets Restaurant impairments, closure costs and asset disposals Asset impairment and estimated lease termination and other closing costs Extinguishment expense Benefit for losses on accounts and notes receivable Deferred income taxes Deferred rent and net amortization of lease interest assets and liablities (Benefit) provision for income taxes Tax benefit for equity awards issued - operating activities Share-based compensation expense Non-cash compensation expense Tax impact from equity-based compensation Other Changes in operating assets and liabilities Restricted cash Accounts receivable Inventories, prepaid expenses and other current assets Deposits Accounts payable Accounts payable and accrrued liabilities Accrued compensation and benefits Accrued interest Deferred revenue Deferred rent Increase in insurance reserves Income taxes Accrued expenses and other liabilities Other current liabilities Other liabilities - operating activities Long-term deferred compensation Cash flows provided by continuing operating activities Cash provided by discontinued operations 192,789 1,555,700 - 32,434 ### ### 12,393 ### 316 ### ### (1,400) - ### (1,084) 1,713 ### 110,000 177,600 ### ### 17,623 (17,775) - (180,600) 44,900 368,000 (64,400) - ### (13,678) (2,262) ### ### 69,032 ### ### ### ### 285 ### ### ### ### ### ### Net cash provided by operations Investing activities Capital expenditures Proceeds from sale of assets Purchases of restaurant businesses Purchases of property and equipment Purchase of intangible assets Purchase liquor licenses Acquisition of franchise restaurants Sales of restaurant businesses and property Change in restricted cash Other Cash flows used for continuing investing activities Cash flows provided by discontinued investing activities Net cash used for investing activities Financing activities Proceeds from draws on line of credit Proceeds from issuance of long-term debt Net short-term borrowings Long-term financing issuances Long-term financing repayments Payments on line of credit Repayments of long-term debt and capital lease obligations Repayment on term loans, 2012 Credit Facility Payoff of term loans, 2012 Credit Facility Pre-payment premium and fees, payoff, 2012 Credit Facility Borrowings on 2015 Credit Facility Proceeds from the issuance of common stock Proceeds from the issuance of common stock sold in initial public offering, net of underwriter fees Treasury stock purchases Purchases of common stock Repurchase of common stock Tax payments for restricted stock upon vesting Tax benefit for equity awards issued - financing activities Common stock dividends Proceeds from stock option exercises Excess tax benefit on share-based compensation Cash paid for financing costs Payments of initial public offering costs Contributions from noncontrolling interest Distributions to noncontrolling interest Other Cash provided by (used for) financing activities 6,539,100 291,786 (1,813,900) (140,600) 554,200 (19,700) (1,420,000) (63,282) 12,724 ### ### ### ### (59,986) 1,252 ### ### (109,292) 589,700 10,220,000 (1,054,500) - ### 1,305,000 ### (564,403) ### ### ### ### ### ### (6,099,200) (3,230,300) 317,200 51,100 (58,700) 735,300 (738,557) ### (7,431) ### (80,329) 4,814 17,775 (17,367) ### ### ### (438) (80,936) Effect of exchange rates on cash and equivalents Cash and equivalents increase (decrease) Cash and equivalents at beginning of year Cash and equivalents at end of year (246,800) 5,607,600 2,077,900 $ 7,685,500 $ 1,036 102,594 30,855 133,449 Noodles & Co. Famous Dave's Fogo de Chao Dec. 29, 2015 Jan. 3, 2016 Jan. 03, 2016 $ (13,765) $ 1,079 $ 27,997 27,802 28,927 - 4,452 ### ### 212 ### (2,337) 1,520 12,201 270 (185) 452 549 55 ### - 98 - ### (4,255) 909 5,991 (16,305) - (8,878) 1,469 - (144) 386 ### ### ### ### 6,792 - (437) (2,083) 2,794 7,143 (193) 1,629 - (439) (1,257) 407 9 (305) (2,165) ### ### ### 162 (38) (74) (1,878) 3,862 (4,007) 247 (781) (3,525) 406 7,204 ### ### - 44,506 1,984 37,361 (50,093) (628) (50,721) ### 7,502 ### (3,197) ### ### ### ### ### 4,305 (60) 4,245 (35,172) (251) ### (35,423) 425,517 (384,771) - 27,700 ### ### (24,440) (634) ### ### ### ### ### ### ### ### (3,349) (245,085) (326) 165,000 301 94,368 (35,000) 952 (249) (94) 6,355 ### (5,672) ### 144 ### ### (160) ### ### ### (3,062) ### ### (2,884) (2,767) 1,270 (694) ### 5,834 $ (134) 6 1,906 1,912 $ 3,167 2,133 5,300 $ (2,240) 5,532 19,387 24,919 Financial Ratios, $ in Thousands Profitability ratios Gross profit margin Net profit margin (net return on sales) Return on total assets Return on stockholder's equity Liquidity ratios Current ratio Working capital Leverage ratios Debt-to-assets ratio Debt-to-equity ratio Activity ratios Days of inventory Inventory turnover Average collection period McDonald's Domino's Dec. 31, 2015 Jan. 03, 2016 N/A 28.1% 18.8% 63.9% $ 3.27 6,692,600 $ 30.8% 18.3% 50.7% -10.7% 1.60 226,654 0.81 4.35 3.25 (1.44) 18.65 8.77 41.60 21.67 Solvency ratio Altman Z-Score 19.7% 5.191 8.7% 3.694 T1 - Working capital/total assets x T2 - Retained earnings/total assets x 0.014 T3 - EBIT/total assets x 0.033 T4 - Market value of equity/total liabilites x 0.006 T5 - Sales/total assets x 0.01 0.2117 1.6456 0.6215 2.0428 0.6698 5.1914 0.3400 -3.1579 1.6728 2.0679 2.7712 3.6940 Market cap as of 02/16/2017 (Reuters, in Thousands) N/A N/A $ 105,034,500 $ 8,961,080 Noodles & Co. Famous Dave's Fogo de Chao Dec. 29, 2015 Jan. 3, 2016 Jan. 03, 2016 $ 73.6% N/A -4.6% -8.8% -14.7% 1.9% 3.7% -19.9% 0.77 (7,513) $ 1.18 2,675 $ 0.61 1.56 $ N/A 0.62 1.62 8.5% 4.7% 11.1% Higher is better, shows % of revenues available to cover operating ex After-tax profits per dollar of sales Higher is better, return on total investment in enterprise Return stockholders are earning on their capital investment. 12-15% 1.40 13,690 Firm's liability to pay current liabilities using assets that can be conve Cash for day-to-day operations. More $$ = more internal funds availa 0.48 0.93 Extent to which borrowed funds have been used to finance firm's op Balance between debt and amount that stockholders have invested. 31.80 N/A 11.48 N/A 4.00 14.94 16.55 9.6% 2.040 0.2% 3.336 17.1% 1.861 -0.0376 0.0465 -0.2897 0.4229 1.8980 2.0401 0.0555 0.5325 0.1223 0.6501 1.9754 3.3358 0.0337 0.1018 0.1556 1.0128 0.5572 1.8611 103,030 $ N/A N/A 38,750 $ Fewer days is better, measures inventory management efficiency 396,570 able to cover operating expenses and yield a profit in enterprise apital investment. 12-15% is average, trend should be upward g assets that can be converted to cash in near term, should be higher than 1, 2 + is even better more internal funds available n used to finance firm's operations. Lower is better, higher means overuse of debt and risk of bankruptcy ockholders have invested. The further the ration below 1.0 the better as it shows their ability to borrow more funds management efficiency The purpose of this assignment is to look at all the financial statements and write a two page 1.5 spaced paper. The excel sheet consists different financial statements of five different companies (Years may be different for some companies but that does not matter) The paper should explain company is the strongest and which company is the weakest and provide reasons based on the data on the excel sheet