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	$ 708,406	$ 652,985	$ 666,416
Royalties from licensing agreement	6,282	8,539	6,820
Domestic franchise revenues	3,260	3,084	3,157
International franchise revenues	2,563	2,238	2,921
Total revenues	720,511	666,846	679,314
Costs and expenses:
Food, beverage, and paper supplies	174,732	155,781	165,926
Labor	263,133	248,150	247,676
Direct operating and occupancy	158,420	142,773	140,767
Cost of sales	596,285	546,704	554,369
General and administrative	50,891	48,431	52,042
Depreciation and amortization	37,166	40,421	40,699
Pre-opening costs	3,429	1,923	4,878
Loss on impairment of property and equipment	18,862	23,741	13,736
Store closure costs	1,868	579	1,433
Litigation, settlement, and other costs	8,919	1,689	1,136
Total costs and expenses	717,420	663,488	668,293
Operating income	3,091	3,358	12,781
Interest expense, net	32	780	1,564
Income before income tax	3,059	2,578	11,217
Income tax (benefit)/provision	(4,879)	(2,171)	2,795
Net income	$ 7,938	$ 4,749	$ 8,422
Net income per common share:
Basic	$ 0.32	$ 0.19	$ 0.34
Diluted	$ 0.32	$ 0.19	$ 0.34
Weighted average shares used in calculating net income per common share:
Basic	24,888	24,864	25,593
Diluted	24,888	24,543	25,611

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	$ 21,470	$ 25,104
Receivables	13,594	13,341
Inventories	6,787	7,157
Current deferred tax asset, net	8,945	7,876
Prepaid rent	351	6,557
Other prepaid expenses	2,998	2,431
Total current assets	54,145	62,466
Property and equipment, net	252,046	257,016
Noncurrent deferred tax asset, net	22,901	25,811
Goodwill	4,782	5,022
Other intangibles, net	5,237	5,114
Other assets	9,113	7,709
Total assets	$ 348,224	$ 363,138
Liabilities and stockholders equity
Current liabilities:
Accounts payable	$ 18,035	$ 12,063
Accrued compensation and benefits	24,313	24,001
Accrued rent	21,624	20,887
Deferred rent credits	4,538	4,545
Other accrued liabilities	14,490	12,515
Gift card liability	15,057	21,440
Store closure reserve	94	366
Total current liabilities	98,151	95,817
Long-term debt	-	23,100
Other liabilities	10,046	9,328
Deferred rent credits, net of current portion	33,977	33,278
Income taxes payable, net of current portion	335	10,725
Commitments and contingencies	-	-
Stockholders equity:
Common stock$0.01 par value, 80,000,000 shares authorized, 28,600,000 and 28,200,000 shares issued and outstanding at end of Year 3, and Year 2, respectively	286	282
Additional paid-in capital	181,683	174,800
Retained earnings	23,746	15,808
Total stockholders equity	205,715	190,890
Total liabilities and stockholders equity	$ 348,224	$ 363,138

Required:

1. Compute the following ratios for Year 3 using information from the companys financial statements. Assume a market price per share of $1.40.

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).

Calculate the following ratios:

Inventory Turnover Ratio

Quick Ratio

Debt-to-Equity Ratio