The Securities and Exchange Commission (SEC) regulates companies that issue stock on the stock market. It receives financial reports from public companies eleetronicalh under a system called EDGAR (Electronic Data Gathering and Retrieval Service). Using the Internet, anyone ma\ search the database for the reports that have been filed.

Using your Web browser, access the EDGAR database at www.freeedgar.eom. To search the database, click on "Search Filings." type in "Papa Johns." and then click on "View Filings" when Papa John's International appears.*

Required:
To look at SEC filings, 1. Click on the 10-Q (quarterly) report dated 1 1/13/2001. Then skim down the Table of Contents to Item 1 (html.l ) and click on "Balance Sheet."

a. What was the amount of Papa John's total assets for the most recent quarter reported?

b. Did long-term debt increase or decrease for the quarter?

c. Compute the financial leverage ratio. How does it compare to the ratio indicated for Papa John's in the chapter? What does this suggest about the company? 2. Click on "Cash Flow Statement."

a. What amount did Papa John's spend on property and equipment for the period?

b. What was the total amount of cash flows from financing activities?