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.

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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  answer-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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