Bojangles?, Inc. operates Cajun-themed fast-food restaurants. As of December 25, 2016, Bojangles? had 309 company-operated restaurants and
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Bojangles?, Inc. operates Cajun-themed fast-food restaurants. As of December 25, 2016, Bojangles? had 309 company-operated restaurants and 404 domestic franchised restaurants located in 11 states, and 3 franchised restaurants outside the United States. The following data were taken from the company?s 2016 annual report. All dollar amounts are in thousands.
Requireda. Calculate the EBIT for each year.b. Calculate the times-interest-earned ratio for each year.c. Calculate the current ratio and debt-to-assets ratio for each year.d. Did the company?s level of financial risk increase or decrease from 2015 to 2016? Explain.
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Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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