Using the information below:
1. Calculate the inventory turnover ratios for Famous Daves and TaxesRoad House.
2. Calculate the number of days of sales inventory for each company.
Famous Daves
Taxes Roadhouse
BBQ HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year Ended December 23, 2019 December 30, 2018 $ Revenue: Restaurant sales, net Franchise royalty and fee revenue Franchisee national advertising fund contributions Licensing and other revenue Total revenue 67,278 12.126 1,616 1,249 82,269 38,051 13,871 1,932 1,034 54,888 21,541 24,565 21,269 2,231 10,992 1,616 11,973 13,663 11,932 1,264 7,988 1,932 145 1,296 Costs and expenses: Food and beverage costs Labor and benefits costs Operating expenses Depreciation and amortization expenses General and administrative expenses National advertising fund expenses Asset impairment, estimated lease termination charges and other closing costs, net Pre-opening expenses (Gain) loss on disposal of property and bargain purchases, net Total costs and expenses (Loss) income from operations Other income (expense): Interest expense Interest income Total other expense (Loss) income before income taxes Income tax benefit (expense) 460 (74) 83,896 29 48.926 (1,627) 5,962 (494) 215 (279 (493) 122 (371) (1,906) 5,591 659 (729) Net (loss) income Less: Net loss attributable to non-controlling interest Net (loss) income attributable to shareholders 4,822 (1,247) 598 (649 $ 4,82 S Basic net (loss) income per share attributable to shareholders Diluted net loss) income per share attributable to shareholders. Weighted average shares outstanding basic Weighted average shares outstanding - diluted $ (0.07) (0.07 9,099 9,099 0.57 0.56 8,599 8,624 December 29, 2019 December 30, 2018 5,325 $ 11,598 761 842 BBQ HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) ASSETS Current assets: Cash and cash equivalents Restricted cash Accounts receivable, net of allowance for dipubtful accounts of $132,000 and $192,000, respectively Inventorics Prepaid income taxes and income taxes receivable Prepaid expenses and other current assets Assets held for sale Total current assets Property, equipment and leasehold improvements, net Other assets: Operating lease right-of-use assets Goodwill Intangible assets, net Deferred tax asset, net Other assets 4,379 1,346 264 1,356 2,842 16,273 4.300 722 377 1,363 19,202 19,756 10,385 25,962 640 2.213 6,646 1,591 73,081 61 1,428 5,747 1,533 38,356 $ LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,765 3,967 4,230 616 2,694 4,975 16,482 1,369 808 2,970 8,912 Current liabilities: Accounts payable Current portion of lease liabilities Current portion of long-term debt and financing lease obligations Accrued compensation and benefits Other current liabilities Total current liabilities Long-term liabilities: Lease liabilities, less current portion Long-term debt, less current portion Other liabilities Total liabilities 26,957 6,258 1.610 51,307 2,411 4,492 15,815 93 91 Shareholders' equity: Common stock, S.01 par value, 100,000 shares authorized, 9,272 and 9,085 shares issued and outstanding at December 29, 2019 and December 30, 2018, respectively Additional paid-in capital Retained earnings Total shareholders' equity Non-controlling interest Total equity 7,375 15,075 22,541 7,856 14,423 22,372 (598) 21 774 73,081 22 541 38,356 Texas Read house, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share data) December 31, 2019 December 25, 2018 Assets Current assets: Cash and cash equivalents. $ 107,879 $ 210,125 Receivables, net of allowance for doubtful accounts of S12 at December 31, 2019 and S34 at December 25, 2018 99 305 92.114 Inventories, net. 20.267 18.827 Prepaid income taxes 2,015 7,569 Prepaid expenses 18,433 16 384 Total current assets 247.899 345.019 Property and equipment, net of accumulated depreciation of 5678,988 December 31, 2019 and S602.451 at December 25, 2018 1.056,563 956,676 Operating lease right-of-use asset, net 499.801 Goodwill 124,748 123.220 Intangible assets, net of accumulated amortization of $14.141 at December 31, 2019 and 513,416 at December 25, 2018 1.224 1.959 Other assets 53320 42.402 Total assets 1.983 565 S 1.469.276 Liabilities and Stockholders' Equity Current liabilities s Current portion of operating lease liabilities 17.2635 Accounts payable 61.653 62.060 Deferred revenue gift cards 209.258 192.242 Accrued wages 39.699 34.159 Accrued taxes and licenses 30.433 24.631 Dividends payable 17.904 Other accrued liabilities 58.914 54,146 Total current liabilities 417.220 385 142 Operating lease liabilities, net of current portion 538.710 Restricted stock and other deposits 8.249 7.703 Deferred rent 48.079 Deferred tax liabilities, net 22.695 17:26 Other liabilities 65.52 50.376 Total liabilities 1.052 396 SON 56% Texas Roadhouse, Inc. and subsidiaries stockholders' equity: Preferred stock (S0.001 par value. 1.000.000 stures authorized: no shares issued or outstanding) Common stock (50.001 par value, 100,000,000 shares authorized 69.400.252 and 71617,510 shares issued and outstanding at December 11, 2019 and December 25, 2018 respectively) 69 72 Additional paid-in-capital I 140.501 257,38% Retained caming 775.619 68337 Accumulated other comprehensive los (225) Total Texas Roadhouse, Inc. and subsidianes stockholders' equity 915,994 945 569 Noncontrolling interests 15.125 15.130 Total equity 931.169 Total liabilities and equity 1.981 565 1.469.276 Texas Roadhouse, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share data) December 31, 2019 December 25, 2018 s 107,879 $ 210.125 99,305 20.267 2.015 18,433 247,899 92.114 18.827 7.569 16,384 345,019 956,676 1,056,563 499.801 124,748 123.220 1.234 33320 1.933.565 1.959 42.402 1.469,276 s Assets Current assets: Cash and cash equivalents Receivables, net of allowance for doubtful accounts of S12 at December 31, 2019 and $34 at December 25, 2018 Inventories, nel Prepaid income taxes. Prepaid expenses Total current assets Property and equipment, net of accumulated depreciation of 5678,988 December 31, 2019 and 5602.451 at December 25, 2018 Operating lease right-of-use asset net Goodwill Intangible assets, net of accumulated amortization of $14.141 at December 31, 2019 and 513,416 at December 25, 2018 Other assets Total assets Liabilities and Stockholders' Equity Current liabilities: Current portion of operating lease liabilities Accounts payable Deferred revenue gift cards Accrued wages Accrued taxes and licenses Dividends payable Other accrued liabilities Total current liabilities Operating lease liabilities, net of current portion Restricted stock and other deposits Deferred rent Deferred tax liabilities, net Other liabilities Total liabilities Teras Roadhouse, Inc. and subsidiaries stockholders' equity Preferred stock 150.001 par value. 1.000.000 shares authorired: no shares issued or outstanding) Common stock (50001 par value. 100.000.000 shares authorized 69.000 252 and 71,617,510 shares issued and outstanding at December 31, 2019 and December 25, 2018, respectively) Additional paid in capital Retained camin Accumulated other comprehensive loss Total Texas Roadhouse. Inc and subsidianes stockholders equity Noncontrolling interests Totally Total abilities and 172635 61.653 209.25 39,699 30,433 62.060 192.242 34.159 34.631 17.904 54.146 385 142 58.914 417230 538.710 22.09 65533 1.052.196 7.703 18.079 17:26 50.176 SON.568 72 2573 110 501 775.649 91594 15.15 (223 945569 15119 90.70 Texas Roadhouse, Inc. and Subsidiaries Consolidated Statements of Income and Comprehensive Income (in thousands, except per share data) December 31, 2019 Fiscal Year Ended December 25 December 26, 2017 $ 2,734,177 S 2,437,115 S 2,203,017 21.986 20,334 16,514 2.756,163 2,457449 2219.531 Revenue: Restaurant and other sales. Franchise royalties and fees Total revenue Costs and expenses: Restaurant operating costs (excluding depreciation and amortization shown separa dow): Cost of sales Labor Rent Other operating Pre-opening. Depreciation and amortization Impairment and closure, net General and administrative Total costs and expenses Income from operations Interest income (expense), net Equity income from investments in unconsolidated affiliates Income before taxes Provision for income taxes. Net income including noncontrolling interests Less: Net income attributable to noncontrolling interests Net income attributable to Texas Roadhouse, Inc. and subsidiaries Other comprehensive income (loss net of tax: Foreign currency translation adjustment, net of tax of(51) 553 a (597), respectively Total comprehensive income Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries Basic Diluted Weighted average shares outstanding Basic Diluted Cash dividends declared per share 883,357 799 300 905,614 793,384 52,531 48,791 418.448 375,477 20,156 19.051 115.544 101,216 (899) 278 149 389 136,163 2.544,140 2,269,660 212,023 187,789 1,514 (591) 378 1.353 213,915 188.551 32 197 24,257 181.518 164.294 7.066 6069 S 174.45 S 158.225 721.550 687,545 44,807 342.702 19.274 93,499 654 123.294 2,033,325 186,206 (1,577) 1.488 186.117 48,581 137536 6010 131.526 $174.455 (189 155 158036 S 131.681 S S 2.47 2.46 1.85 1.84 220 20.500 70916 71.964 1.00 70.989 71,527 084 1.20 S