Refer to the Panera Bread's financial statements at the end of the text and answer the following

Question:

Refer to the Panera Bread's financial statements at the end of the text and answer the following questions:

1. What are the items listed as long-term liabilities by Panera Bread? How did those liabilities change from 2014 to 2015?

2. Calculate the debt-to-equity ratio and the times interest earned ratio of the company for 2014 to 2015. What do those ratios reveal about the company and its ability to meet its obligations on its long-term liabilities?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...