Question
Suppose the years 2005 to 2009 were a period of rapid growth for a certain chain of coffeehouses and the company's revenues grew by more
Suppose the years 2005 to 2009 were a period of rapid growth for a certain chain of coffeehouses and the company's revenues grew by more than 50% during that period. Use the hypothetical financial data for the company to answer the questions.
As of and for the fiscal year ended | Sept. 27, 2009 (52 wks) | Sept. 28, 2008 (52 wks) | Sept. 30, 2007 (52 wks) | Oct. 1, 2006 (52 wks) | Oct. 2, 2005 (52 wks) |
---|---|---|---|---|---|
Results of Operations | |||||
Net revenues: | |||||
Company-operated retail | $8,090.1 | $8,641.9 | $7,898.3 | $6,513.1 | $5,261.9 |
Specialty: | |||||
Licensing | 1,222.3 | 1,171.6 | 1,026.3 | 860.6 | 673.0 |
Foodservice and other | 372.2 | 439.5 | 386.9 | 343.2 | 304.4 |
Total specialty | 1,594.5 | 1,611.1 | 1,413.2 | 1,203.8 | 977.4 |
Total net revenues | $9,684.6 | $10,253.0 | $9,311.5 | $7,716.9 | $6,239.3 |
Operating income | $562.0 | $503.9 | $1,053.9 | $894.0 | $780.5 |
Earnings before cumulative effect of change in accounting principle | 520.8 | 385.5 | 752.6 | 691.5 | 624.4 |
Cumulative effect of accounting change for asset retirement obligations, net of taxes | — | — | — | 17.2 | — |
Net earnings | $520.8 | $385.5 | $752.6 | $674.3 | $624.4 |
Earnings per common share before cumulative effect of change in accounting principle—diluted ("EPS") | $0.52 | $0.43 | $0.87 | $0.73 | $0.61 |
Cumulative effect of accounting change for asset retirement obligations, net of taxes—per common share | — | — | — | 0.02 | — |
EPS—diluted | $0.52 | $0.43 | $0.87 | $0.71 | $0.61 |
Net cash provided by operating activities | $1,389.0 | $1,258.7 | $1,331.2 | $1,131.6 | $922.9 |
Capital expenditures (additions to property, plant, and equipment) | $445.6 | $984.5 | $1,080.3 | $771.2 | $643.3 |
Balance Sheet | |||||
Total assets | $5,706.8 | $5,762.6 | $5,443.9 | $4,508.9 | $3,603.7 |
Short-term borrowings | — | 713.0 | 710.3 | 700.0 | 277.0 |
Long-term debt (including current portion) | 549.5 | 550.3 | 550.9 | 2.7 | 3.6 |
Shareholders' equity | $2,975.7 | $2,380.9 | $2,204.1 | $2,098.5 | $2,020.3 |
(a)
Calculate the asset turnover ratio for 2008 and 2009. (Round your answers to two decimal places.)
20082009
(b)
Calculate the net profit margin (as a %) for 2007, 2008, and 2009. (Round your answers to the nearest tenth of a percent.)
2007 %2008 %2009 %
(c)
Calculate the return on investment (as a %) for 2007, 2008, and 2009. (Round your answers to the nearest tenth of a percent.)
2007 %2008 %2009 %
(d)
Prepare trend analysis of the net revenue and total assets for 2005 through 2009. (Round your answers to one decimal place.)
2009 | 2008 | 2007 | 2006 | 2005 | |
---|---|---|---|---|---|
Net Revenue | 100.0 | ||||
Total Assets | 100.0 |
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