Bloomin’ Brands, Inc. is the corporation behind five restaurant chains: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar, and Roy’s. The following data were taken from its 2018 annual report. All dollar amounts are in millions.

Required
a. Compute Bloomin’ Brands’ gross margin percentage for 2018 and 2017.
b. Compute Bloomin’ Brands’ return-on-sales percentage for 2018 and 2017.
c. Based on the percentages computed in Requirements a and b, did Bloomin’ Brands’ performance get better or worse from 2017 to 2018? Speculate as to what might have caused such a dramatic change from 2017 to 2018.
d. Compare Bloomin’ Brands’ gross margin percentages and return-on-sales percentages to those of the other real-world companies covered in this chapter and discuss whether or not it appears to have a better-than-average financial performance.

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Total restaurant sales Cost of goods sold Net income Fiscal Years Ending December 30, 2018 $4,061 1,296 110 December 31, 2017 $4,169 1,317 103