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MTY Food Group Inc. is a Canadian franchisor and operator of numerous quick service restaurants operating under 40 brand names such as Thai Express, Mucho Burrito, Sushi Shop, Jugo Juice and Manchu Wok. Its annual report for 2018 included the following statements: Revenue Expenses MTY FOOD GROUP INC. Consolidated Statements of Income For the years ended November 30, (in thousands of Canadian dollars, except per share amounts) Operating expenses Depreciation-property, Amortization-intangible Interest on long-term debt Impairment charges on property, plant, and equipment and intangible assets Other income (charges) Unrealized and realized foreign exchange gain Interest income plant, and equipment assets Gain on disposal of property, plant, and equipment and intangible assets Loss on revaluation of financial liabilities recorded at fair value through profit and loss Current Deferred Income before taxes Income tax (recovery) expense Net income Earnings per share Basic Diluted Source: MTY Food Group Inc. Annual Report 2018. 2018 $353,303 225,560 2,755 24,749 11,717 5,531 270,312 11 649 710 (1,461) (91) 82,900 18,721 (34,812) (16,091) $98,991 4.07 4.06 2017 $276,083 182,357 2,724 20,178 10,314 1,000 216,573 2,004 439 1,120 (409) 3,154 62,664 9,685 3,125 12,810 $ 49,854 2.32 2.32 MTY FOOD GROUP INC. Consolidated Statement of Financial Position At the years ended November 30, (in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Inventories Income taxes receivable Other assets Loans receivable Prepaid expenses and deposit Loans receivable Deferred income tax Property, plant, and equipment Intangible assets Goodwill Liabilities and shareholders' equity Liabilities Current liabilities Accounts payable and accrued liabilities Provisions Income taxes payable. Deferred revenue and deposits Current portion of long-term debt Long-term debt Deferred revenue and deposits Deferred income taxes Shareholders' Equity Equity attributable to owners Capital stock Reserves Retained earnings Equity attri table to non-controlling interest Source: MTY Food Group Inc. Annual Report 2018. $ 2018 32,304 49, 168 3,574 - 692 2,134 7,291 95, 163 5,970 114 18,753 733,660 376,647 $1,230, 307 68,700 90,039 24,989 20, 122 7,416 211, 266 268, 200 705 119,464 599,635 312, 161 1, 245 315,985 629,391 1,281 630, 672 $1,230,307 2017 (restated) $ 56,453 34,151 3,281 1,408 1,163 2,817 5,461 104,734 3,109 351 13,081 506,970 226,768 $855,013 $ 57,555 75,331 19,273 20,844 4,240 177,243 223,567 1,946 116,931 519,687 114,545 (13,113) 232, 192 333,624 1,702 335, 326 $855,013 Required: 1. For MTY Food Group Inc.'s past two years, compute the ratios given below. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Quality of earnings Solvency ratios: Times interest earned Cash coverage Debt-to-equity Market ratios: Price/earnings ratio Dividend yield MTY Food Group Inc. is a Canadian franchisor and operator of numerous quick service restaurants operating under 40 brand names such as Thai Express, Mucho Burrito, Sushi Shop, Jugo Juice and Manchu Wok. Its annual report for 2018 included the following statements: Revenue Expenses MTY FOOD GROUP INC. Consolidated Statements of Income For the years ended November 30, (in thousands of Canadian dollars, except per share amounts) Operating expenses Depreciation-property, Amortization-intangible Interest on long-term debt Impairment charges on property, plant, and equipment and intangible assets Other income (charges) Unrealized and realized foreign exchange gain Interest income plant, and equipment assets Gain on disposal of property, plant, and equipment and intangible assets Loss on revaluation of financial liabilities recorded at fair value through profit and loss Current Deferred Income before taxes Income tax (recovery) expense Net income Earnings per share Basic Diluted Source: MTY Food Group Inc. Annual Report 2018. 2018 $353,303 225,560 2,755 24,749 11,717 5,531 270,312 11 649 710 (1,461) (91) 82,900 18,721 (34,812) (16,091) $98,991 4.07 4.06 2017 $276,083 182,357 2,724 20,178 10,314 1,000 216,573 2,004 439 1,120 (409) 3,154 62,664 9,685 3,125 12,810 $ 49,854 2.32 2.32 MTY FOOD GROUP INC. Consolidated Statement of Financial Position At the years ended November 30, (in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Inventories Income taxes receivable Other assets Loans receivable Prepaid expenses and deposit Loans receivable Deferred income tax Property, plant, and equipment Intangible assets Goodwill Liabilities and shareholders' equity Liabilities Current liabilities Accounts payable and accrued liabilities Provisions Income taxes payable. Deferred revenue and deposits Current portion of long-term debt Long-term debt Deferred revenue and deposits Deferred income taxes Shareholders' Equity Equity attributable to owners Capital stock Reserves Retained earnings Equity attri table to non-controlling interest Source: MTY Food Group Inc. Annual Report 2018. $ 2018 32,304 49, 168 3,574 - 692 2,134 7,291 95, 163 5,970 114 18,753 733,660 376,647 $1,230, 307 68,700 90,039 24,989 20, 122 7,416 211, 266 268, 200 705 119,464 599,635 312, 161 1, 245 315,985 629,391 1,281 630, 672 $1,230,307 2017 (restated) $ 56,453 34,151 3,281 1,408 1,163 2,817 5,461 104,734 3,109 351 13,081 506,970 226,768 $855,013 $ 57,555 75,331 19,273 20,844 4,240 177,243 223,567 1,946 116,931 519,687 114,545 (13,113) 232, 192 333,624 1,702 335, 326 $855,013 Required: 1. For MTY Food Group Inc.'s past two years, compute the ratios given below. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Quality of earnings Solvency ratios: Times interest earned Cash coverage Debt-to-equity Market ratios: Price/earnings ratio Dividend yield
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Answer rating: 100% (QA)
Question Ratios 2018 2017 Profitability Ratios Return on equity a Net Income after tax 98991 49854 Opening Shareholders equity 333624 310866 Closing Shareholders equity 629391 333624 Average Sharehold... View the full answer
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
Posted Date:
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