Question: Bear Stearns & Co 1) What was the effect on 1988 earnings per share, of the non-recurring items: area development fees and initial franchise fees?

Bear Stearns & Co

1) What was the effect on 1988 earnings per share, of the non-recurring items: area development fees and initial franchise fees?

2) What would BV's 1988 earnings per share be after all of the above adjustments?

3) Ignoring #3 above, what would BV's 1988 earnings per share be after the above adjustments?

4) What would BV's Price/Earnings ratio be, given all of the above adjustments (including #3)?

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