Base your answers to the following questions on the consolidated financial statements and Note 25 of Domino's Pizza Enterprises Limited in Exhibit 2-15. (Domino's Pizza Enterprises is an Australian-based company that operates 776 outlets selling pizza and other fast foods in Australia, New Zealand, and Europe.)
a. Determine the amount of dividends declared during fiscal 2009. Where did you find this information?
b. How does the declaration of dividends affect the accounting equation?
c. Determine the amount of dividends -paid during fiscal 2009. Where did you find this information?
d. How does the payment of dividends affect the accounting equation?
e. What percentage of total assets is invested in inventories? Would you expect Domino's to have a relatively large or small level of inventory, as a portion of total assets, compared to a company like H&M? Why?
f. Why does the account "Borrowings" appear in two places on the balance sheet? What is the difference between the two accounts?
g. What are the largest two expenses on Domino's income statement?