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To the best of your ability compute the liquidity and profitability metric ratios for the purchase of land, disposal of fixed assets, patent amortization, depletion,
To the best of your ability compute the liquidity and profitability metric ratios for the purchase of land, disposal of fixed assets, patent amortization, depletion, and goodwill impairment for 2020.
(In millions, except per share data) LIABILITIES AND STOCKHOLDERS' EQUTTY Current liabilities: Stockholders' equity: Common stock and surplus, no par value. Authorized 500.0 shares; issued 129.9 and 123.1 shares, respectively; outstanding 129.9 and 123.1 shares, respectively Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding Retained earnings Accumulated other comprehensive income (loss) Cash flows from changes in current assets and liabilitics Capitalized Software Costs and Other Definite-Lived Intangibles Capitalized software, which is a component of other assets, is recorded at cost less accumulated amortization. Capitalized software is amortized using the straight-line method over estimated useful lives ranging from 3 to 10 years. The cost of capitalized software and related accumulated amortization was as follows: We have other definite-lived intangible assets, including assets related to the value of reacquired franchise rights resulting from our acquisitions that are included as a component of other assets and definite-lived intangible liabilities related to the value of below-market agreements resulting from our acquisitions that are included in other liabilities on our consolidated balance sheets. Additionally, prior to the adoption of FASB ASC Topic 842 in fiscal 2020, we had definite-lived intangible assets and liabilities related to the value of below-market leases and above-market leases, respectively, resulting from our acquisitions. Upon adoption of FASB ASC Topie 842, we derecognized those definite-lived intangible assets and liabilities and adjusted the carrying amount of the lease right-of-use asset by the corresponding amount. Definite-lived intangibles are amortized on a straight-line basis over estimated useful lives of 1 to 20 years. The cost and related accumulated amortization was as follows: Amortization expense from continuing operations associated with capitalized soffware and other definite-lived intangibles included in depreciation and amortization in our accompanying consolidated statements of eamings was as follows: Amonizution expense from continuing operations associated with above- and-below-market leases included in restaurant expenses as a component of rent expense in our consolidated statements of carnings was as follow: NOTE 4 - LAND, BUIIDINGS AND RQUIPMENT, NET The components of land, buildings and equipment, net, are as follows: Reconciliation of scgment profit to eamings from continuing operations before income taxes: (In millions, except per share data) LIABILITIES AND STOCKHOLDERS' EQUTTY Current liabilities: Stockholders' equity: Common stock and surplus, no par value. Authorized 500.0 shares; issued 129.9 and 123.1 shares, respectively; outstanding 129.9 and 123.1 shares, respectively Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding Retained earnings Accumulated other comprehensive income (loss) Cash flows from changes in current assets and liabilitics Capitalized Software Costs and Other Definite-Lived Intangibles Capitalized software, which is a component of other assets, is recorded at cost less accumulated amortization. Capitalized software is amortized using the straight-line method over estimated useful lives ranging from 3 to 10 years. The cost of capitalized software and related accumulated amortization was as follows: We have other definite-lived intangible assets, including assets related to the value of reacquired franchise rights resulting from our acquisitions that are included as a component of other assets and definite-lived intangible liabilities related to the value of below-market agreements resulting from our acquisitions that are included in other liabilities on our consolidated balance sheets. Additionally, prior to the adoption of FASB ASC Topic 842 in fiscal 2020, we had definite-lived intangible assets and liabilities related to the value of below-market leases and above-market leases, respectively, resulting from our acquisitions. Upon adoption of FASB ASC Topie 842, we derecognized those definite-lived intangible assets and liabilities and adjusted the carrying amount of the lease right-of-use asset by the corresponding amount. Definite-lived intangibles are amortized on a straight-line basis over estimated useful lives of 1 to 20 years. The cost and related accumulated amortization was as follows: Amortization expense from continuing operations associated with capitalized soffware and other definite-lived intangibles included in depreciation and amortization in our accompanying consolidated statements of eamings was as follows: Amonizution expense from continuing operations associated with above- and-below-market leases included in restaurant expenses as a component of rent expense in our consolidated statements of carnings was as follow: NOTE 4 - LAND, BUIIDINGS AND RQUIPMENT, NET The components of land, buildings and equipment, net, are as follows: Reconciliation of scgment profit to eamings from continuing operations before income taxes Step by Step Solution
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