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The financial statements for Lainey's Famous Pizza are below. Lainey's operates more than 250 locations in 30 states and 11 countries. LAINEY'S FAMOUS PIZZA, INCOPRORATED

The financial statements for Lainey's Famous Pizza are below. Lainey's operates more than 250 locations in 30 states and 11 countries. LAINEY'S FAMOUS PIZZA, INCOPRORATED AND SUBSIDIARIES Consolidated Statements of Operations (amounts in thousands, except for per share data) Year 3 Revenues: Restaurant sales Royalties from licensing agreement Domestic franchise revenues International franchise revenues Total revenues Costs and expenses: Food, beverage, and paper supplies Labor Direct operating and occupancy Cost of sales General and administrative Depreciation and amortization Pre-opening costs Loss on impairment of property and equipment Store closure costs Litigation, settlement, and other costs Total costs and expenses Operating income Interest expense, net Income before income tax Income tax (benefit)/provision Net income Net income per common share: Basic Diluted Weighted average shares used in calculating net income per common share: Basic Diluted $ 720,606 6,322 3,300 2,603 732,831 178,732 267,133 162,420 608,285 50,931 37,206 3,469 18,902 1,908 8,959 729,660 3,171 36 3,135 (4,639) $ 7,774 $ 0.31 $ 0.31 24,988 24,988 Year 2 $ 653,185 8,739 3,184 2,278 667,386 156,181 248,350 142,973 547,504 47,841 40,481 1,943 23,941 589 1,709 664,008 3,378 778 2,600 (2,191) $ 4,791 $0.19 $0.19 25,064 24,643 Year 1 $ 666,616 6,880 3,257 3,121 679,874 166,026 247,776 140,867 554,669 52,142 40,799 4,978 13,836 1,533 1,236 669,193 12,881 1,624 11,257 2,895 $ 8,362 $0.34 $0.34 25,693 25,711
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The financial statements for Lainey's Famous Pizza are below Lainey's operates more than 250 locations in 30 states and 11 countries LAINEY'S FAMOUS PIZZA, INCORPORATED AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except for share data) Year 3 Year 2 Assets Current assets: Cash and cash equivalents Receivables Inventories $21,5314,0947,027$26,2413,5417,557 Current deferred tax asset, net Prepaid rent Other prepaid expenses Total current assets Property and equipment, net Noncurrent deferred tax asset, net Goodwi11 other intangibles, net other assets Total assets Liabilities and stockholders' equity current liabilities: Accounts payable Accrued compensation and benefits Accrued rent Deferred rent credits other accrued liabilities Gift card liability Store closure reserve Total current liabilities Long-term debt other liabilities Deferred rent credits, net of current portion Income taxes payable, net of current portion $18,27524,57321,9244,65814,69015,17710499,40110,08634,177339$12,26324,20121,2874,74512,91521,64037697,42723,3009,72833,47811,125 commitments and contingencies Stockholders' equity: Common stock- $0.01 par value, 80,000,000 shares authorized, 29,600,000 and 29,200,000 shares issued and outstanding at end of Year 3, and Year 2, respectively Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: 1. Compute the following ratios for Year 3 using information from the company's financial statements. Assume a market price per share of $147 Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34)

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