MTY Food Group Inc. is a Canadian franchisor and operator ofnumerous quick service restaurants operating under 40
Question:
MTY Food Group Inc. is a Canadian franchisor and operator ofnumerous quick service restaurants operating under 40 brand namessuch as Thai Express, Mucho Burrito, Sushi Shop, Jugo Juice andManchu Wok. Its annual report for 2018 included the followingstatements:
Source: MTY Food Group Inc. Annual Report 2018.
Source: MTY Food Group Inc. Annual Report 2018.Additional information related to 2016 at year-end is asfollows:
The company?s statutory tax rate was 26.7 percent for bothfiscal years and its market price per share was $52.24 at November30, 2017 and $65.58 at November 30, 2018. All sales are onaccount.Required:1. For MTY Food Group Inc.?s past two years, compute the ratiosgiven below. (Do not round intermediate calculations.Round the final answers to 2 decimal places.)
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts