Question
To follow are The Cheesecake Factory Incorporated's financial statements from its 2016 Form 10-K. (Click the icon to view the consolidated statements of income.) (Click
To follow are The Cheesecake Factory Incorporated's financial statements from its 2016 Form 10-K. (Click the icon to view the consolidated statements of income.) (Click the icon to view the consolidated balance sheets.) As calculated from data provided, from fiscal year 2014 to fiscal year 2015, The Cheesecake Factory's quick ratio: OA. Stayed the same OB. Decreased OC. Increased OD. Unable to determine based on the information provided Click to select your answer Data Table TO TH The Cheesecake Factory, Incorporated Consolidated Statements of Income: Condensed and adapted for educational use (in thousands) Revenues Costs and expenses: Cost of sales Labor expenses Fiscal Year 2016 2015 2014 2013 2,275,719 $ 2.100,609 $ 1,976,624 1,877,910 526,628 759,998 504.031 684,818 490,306 455,685 646,102 603,069 Print Done -X Data Table - X Labor expenses 759,998 684,818 646,102 603,069 TH Depreciation and amortization expense 88.010 85,563 82,835 78,558 Other expenses 700,090 660,951 612,650 579,644 Total costs and expenses 2.074,726 1,935,363 1,831,893 1,716,956 Income from operations 200,993 165,246 144,731 160,954 Interest and other expense, net (9.225) (5,894) (6,187) (4,504) Income before income taxes 191,768 159,352 138,544 156,450 Income tax expense 52.274 42.829 37,268 42,094 $ 139,494 $ 116,523 $ 101,276 $ Net income 114,356 Print Done Data Table nts from 015, The Assets Current assets: The Cheesecake Factory, Incorporated Consolidated Balance Sheet: Condensed and adapted for educational use (in thousands, except share data) January 3, 2017 December 29, 2015 December 30, 2014 Cash and cash equivalents $ 53,839 $ Accounts receivable 15,632 Income tax receivable Other receivables 43,854 S 58,018 14,159 15,170 18,739 17,383 64,592 72,658 62,327 Print Done - X m Data Table - X he Other receivables Inventories 64.592 72,658 62,327 34,926 34,010 33,255 Prepaid expenses 52,438 41,976 38,233 Total current assets 221,427 225,396 224,386 Property and equipment, net 910,134 892,191 828,305 Other assets Intangible assets, net Prepaid rent Other assets 23.054 21,972 20,781 42,162 46.881 46,212 96,542 46,906 41,692 404300 Print Done om The Data Table 9 of 20 (7 complete) - Other assets Total other assets Total assets 96,542 46,906 41,692 161,758 115,759 108,685 1,293,319 $ 1,233,346 $ 1,161,376 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 41.564 S 47,770 57,325 Other accrued expenses 334,962 302,456 264,686 Total current liabilities Noncurrent abilities. 376,526 350,226 322,011 313.586. 294.581 282.855 Print Done from Data Table The Noncurrent liabilities Stockholders' equity Preferred stock Common stock Additional paid-in capital - X 313,586 294,581 282,855 947 774,137 710,242 931 918 654,033 Retained earnings 1,238,012 1,140,788 Treasury stock (1,409,889) (1.263,422) 1,060,211 (1.158,652) Total stockholders' equity 603,207 588,539 556,510 $ Total liabilities and stockholders' equity 1,293,319 $ 1,233,346 $ 1,161,376
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