Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company-
Question:
Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality USDA prime grade steaks and other premium offerings. Currently, there are 100 Ruth's Chris restaurants, of which 50 are company-owned and 50 are franchisee-owned, including 10 international franchisee-owned restaurants in Mexico, Hong Kong, Taiwan, and Canada. Information from the company's annual report is shown below (dollar amounts in thousands, except per share data): |
a. | Common stock, par value $0.01, 100,060,000 shares authorized, 23,235,356 issued and outstanding atDecember 31, 2007; 23,358,656 issued and outstanding at December 31, 2008. |
b. | Additional paid-in capital $183,431 in 2007 and $188,389 in 2008. |
c. | Accumulated deficit $81,897 in 2007. |
d. | Net loss in 2008 was $54,083. No dividends were paid. |
Required: |
Prepare the stockholders' equity section of the balance sheet at December 31, 2008.(Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.) |
Shareholders' Equity | 2008 |
(Click to select)CashRetained earningsDividendsCommon stockAccounts payable | $ |
(Click to select)Additional paid-in capitalDividendsRetained earningsCashAccounts payable | |
(Click to select)DividendsRetained earningsCashAccounts payableAccumulated deficit | |
Total Shareholders Equity | $ |
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