Question
Please calculate TSR for Quik Burger and Big steak Total shareholder return quik burger = Total shareholder return Big Steak = Balance Sheets (In Thousands)
Please calculate TSR for Quik Burger and Big steak
Total shareholder return quik burger =
Total shareholder return Big Steak =
Balance Sheets
(In Thousands)
| Quik Burger | Big Steak |
Assets | ||
Cash | $2,000 | $4,500 |
Accounts Receivable (net) | 2,000 | 6,500 |
Inventory | 2,000 | 5,000 |
Property, Plant, and Equipment (net) | 20,000 | 35,000 |
Other Assets | 4,000 | 5,000 |
Total Assets | $30,000 | $56,000 |
Liabilities and Stockholders Equity | ||
Accounts Payable | $2,500 | 3,000 |
Notes Payable | 1,500 | 4,000 |
Bonds Payable | 10,000 | 30,000 |
Common Stock ($1par value) | 1,000 | 3,000 |
Paid-in Capital in Excess of Par Value | 9,000 | 9,000 |
Retained Earnings | 6,000 | 7,000 |
Total Liabilities and Stockholders Equity | $30,000 | $56,000 |
Income Statements
(In Thousands)
| Quik Burger | Big Steak |
Sales | $53,000 | $86,000 |
Cost of Goods Sold (including restaurant operating expense) | 37,000 | 61,000 |
Gross Profit from Sales | $16,000 | $25,000 |
General Operating Expenses | ||
Selling Expenses | $7,000 | $10,000 |
Administrative Expenses | 4,000 | 5,000 |
Interest Expense | 1,400 | 3,200 |
Income Tax Expense | 1,800 | 3,400 |
Total Operating Expense | $14,200 | $21,600 |
Net Income | $1,800 | $3,400 |
In addition, dividends paid were $500,000 for Quik Burger and $600,000 for Big Steak; the market prices of the stock were $30 and $20, respectively; and the betas were 1.00 and 1.15.
Please calculate TSR for Quik Burger and Big steak
Total shareholder return quik burger =
Total shareholder return Big Steak =
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