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	$ 781,606	$ 654,185	$ 667,616
Royalties from licensing agreement	6,522	9,739	7,180
Domestic franchise revenues	3,500	3,684	3,757
International franchise revenues	2,803	2,478	4,121
Total revenues	794,431	670,086	682,674
Costs and expenses:
Food, beverage, and paper supplies	198,732	158,181	166,526
Labor	287,133	249,350	248,276
Direct operating and occupancy	182,420	143,973	141,367
Cost of sales	668,285	551,504	556,169
General and administrative	51,131	44,891	52,642
Depreciation and amortization	37,406	40,781	41,299
Pre-opening costs	3,669	2,043	5,478
Loss on impairment of property and equipment	19,102	24,941	14,336
Store closure costs	2,108	639	2,033
Litigation, settlement, and other costs	9,159	1,809	1,736
Total costs and expenses	790,860	666,608	673,693
Operating income	3,571	3,478	13,381
Interest expense, net	56	768	1,924
Income before income tax	3,515	2,710	11,457
Income tax (benefit)/provision	(3,439)	(2,291)	3,395
Net income	$ 6,954	$ 5,001	$ 8,062
Net income per common share:
Basic	$ 0.27	$ 0.19	$ 0.34
Diluted	$ 0.27	$ 0.19	$ 0.34
Weighted average shares used in calculating net income per common share:
Basic	25,488	26,064	26,193
Diluted	25,488	25,143	26,211

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	$ 21,830	$ 30,624
Receivables	16,594	14,541
Inventories	8,227	9,557
Current deferred tax asset, net	10,025	9,076
Prepaid rent	531	8,957
Other prepaid expenses	3,718	3,031
Total current assets	60,925	75,786
Property and equipment, net	254,446	259,416
Noncurrent deferred tax asset, net	24,101	27,011
Goodwill	5,022	5,622
Other intangibles, net	5,837	5,714
Other assets	10,313	8,909
Total assets	$ 360,644	$ 382,458
Liabilities and stockholders equity
Current liabilities:
Accounts payable	$ 19,475	$ 13,263
Accrued compensation and benefits	25,873	25,201
Accrued rent	23,424	23,287
Deferred rent credits	5,258	5,745
Other accrued liabilities	15,690	14,915
Gift card liability	15,777	22,640
Store closure reserve	154	426
Total current liabilities	105,651	105,477
Long-term debt	-	24,300
Other liabilities	10,286	11,728
Deferred rent credits, net of current portion	42,677	34,478
Income taxes payable, net of current portion	359	13,125
Commitments and contingencies	-	-
Stockholders equity:
Common stock$0.01 par value, 80,000,000 shares authorized, 34,600,000 and 34,200,000 shares issued and outstanding at end of Year 3, and Year 2, respectively	346	342
Additional paid-in capital	177,363	176,000
Retained earnings	23,962	17,008
Total stockholders equity	201,671	193,350
Total liabilities and stockholders equity	$ 360,644	$ 382,458

Required: 1. Compute the following ratios for Year 3 using information from the company's financial statements. Assume a market price per share of $2.41. 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). Answer is complete but not entirely correct