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.

2016 2015 Assets $1,047,219 529,319 517,900 1,986,793 $1,072,382 Liabilities 416,645 Stockholders' equity Revenues 655,7


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  book-img-for-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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