The financial statements for Laineys Famous Pizza are below. Laineys operates more than 250 locations in 30 states and 11 countries.

LAINEYS FAMOUS PIZZA, INCOPRORATED AND SUBSIDIARIES
Consolidated Statements of Operations
(amounts in thousands, except for per share data)
	Year 3	Year 2	Year 1
Revenues:
Restaurant sales	$ 671,806	$ 652,385	$ 665,816
Royalties from licensing agreement	6,162	7,939	6,640
Domestic franchise revenues	3,140	2,784	2,857
International franchise revenues	2,443	2,118	2,321
Total revenues	683,551	665,226	677,634
Costs and expenses:
Food, beverage, and paper supplies	162,732	154,581	165,626
Labor	251,133	247,550	247,376
Direct operating and occupancy	146,420	142,173	140,467
Cost of sales	560,285	544,304	553,469
General and administrative	50,771	50,201	51,742
Depreciation and amortization	37,046	40,241	40,399
Pre-opening costs	3,309	1,863	4,578
Loss on impairment of property and equipment	18,742	23,141	13,436
Store closure costs	1,748	549	1,133
Litigation, settlement, and other costs	8,799	1,629	836
Total costs and expenses	680,700	661,928	665,593
Operating income	2,851	3,298	12,481
Interest expense, net	20	786	1,384
Income before income tax	2,831	2,512	11,097
Income tax (benefit)/provision	(5,599)	(2,111)	2,495
Net income	$ 8,430	$ 4,623	$ 8,602
Net income per common share:
Basic	$ 0.34	$ 0.19	$ 0.34
Diluted	$ 0.34	$ 0.19	$ 0.34
Weighted average shares used in calculating net income per common share:
Basic	24,588	24,264	25,293
Diluted	24,588	24,243	25,311

LAINEYS 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	$ 21,290	$ 22,344
Receivables	12,094	12,741
Inventories	6,067	5,957
Current deferred tax asset, net	8,405	7,276
Prepaid rent	261	5,357
Other prepaid expenses	2,638	2,131
Total current assets	50,755	55,806
Property and equipment, net	250,846	255,816
Noncurrent deferred tax asset, net	22,301	25,211
Goodwill	4,662	4,722
Other intangibles, net	4,937	4,814
Other assets	8,513	7,109
Total assets	$ 342,014	$ 353,478
Liabilities and stockholders equity
Current liabilities:
Accounts payable	$ 17,315	$ 11,463
Accrued compensation and benefits	23,533	23,401
Accrued rent	20,724	19,687
Deferred rent credits	4,178	3,945
Other accrued liabilities	13,890	11,315
Gift card liability	14,697	20,840
Store closure reserve	64	336
Total current liabilities	94,401	90,987
Long-term debt	-	22,500
Other liabilities	9,926	8,128
Deferred rent credits, net of current portion	33,377	32,678
Income taxes payable, net of current portion	323	9,525
Commitments and contingencies	-	-
Stockholders equity:
Common stock$0.01 par value, 80,000,000 shares authorized, 25,600,000 and 25,200,000 shares issued and outstanding at end of Year 3, and Year 2, respectively	256	252
Additional paid-in capital	180,093	174,200
Retained earnings	23,638	15,208
Total stockholders equity	203,987	189,660
Total liabilities and stockholders equity	$ 342,014	$ 353,478

Required:

1. Compute the following ratios for Year 3 using information from the companys financial statements. Assume a market price per share of $1.16.

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).

Required: 1. Compute the following ratios for Year 3 using information from the company's financial statements. Assume a market price per share of $1.16. 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)