The following data are based on information in the 2016 annual report of Buffalo Wild Wings, Inc.
Question:
The following data are based on information in the 2016 annual report of Buffalo Wild Wings, Inc. As of December 25, 2016, there were 1,240 Buffalo Wild Wings restaurants. The parent company owned 631 restaurants and 609 were franchised. Dollar amounts are in thousands.
Required
a. Calculate the company’s net change in cash for 2015 and 2016.
b. Calculate the company’s ending cash balance for 2015 and 2016.
c. Notice that cash flows from investing activities were negative for each year. Do you think this represents something positive or negative about the company? Explain your answer.
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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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