The following data are based on information in the 2016 annual report of Cracker Barrel Old Country Store. As of July 29, 2016, Cracker Barrel operated 640 restaurants and gift shops in 43 states. Dollar amounts are in thousands.

Required
a. Calculate the company’s net income and retained earnings for 2015 and 2016.
b. Which increased (or decreased) by the greatest percentage amount: revenues or net income? Show your computations.
c. For each year, calculate the company’s net income as a percentage of its revenues. Show your computations.
d. Did the company perform better in 2015 or 2016? Explain your answer.

2016 2015 $1,576,208 1,037,940 538,268 2,842,284 2,678,381 171,383 483,167 $1,497,664 Assets Liabilities 971,221 Stockholders' equity 526,443 2,912,351 2,723,052 186,505 Revenues Expenses Dividends Retained earnings at end of 2014