In your web browser, search for the investor relations page of a public company you are interested in (e.g., Papa Johns investor relations). Select SEC Filings or Annual Report or Financials (whichever the website provides) to obtain the 10-K for the most recent year available.*

Required:
1. Go to the Income Statement (Statement of Income, Statement of Earnings, Statement of Operations). For the most recent year, what is the company’s basic earnings per share for each of the three years reported?

2. Go to the Balance Sheet for the most recent year:
a. List the accounts and amounts of accrued expenses payable on the most recent balance sheet. You may need to search the notes to the statements for detail.
b. What is the ratio of the total accrued expenses payable to total liabilities?
3. Ratio Analysis:
a. What does the total asset turnover ratio measure in general?
b. Using Item 6. Selected Financial Data in the 10-K (or prior 10-K reports, if there is no Item 6 information), what is the company’s total asset turnover ratio (rounded to three decimal places) for the
last three years?
c. What do your results suggest about the company? (You may refer to Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations. It provides information on why numbers changed.)