P12-8 (Static) Analyzing Financial Statements by Using Appropriate Ratios LO12-7, 12-8, 12-9, 12-10, 1211 MTY Food Group Inc. is a Canadian franchisor and operator of numerous quick service restaurants operating under 75 brand names such as Thai Express, Mucho Burrito, Sushi Go, Jugo Juice, Tutti Frutti, and Manchu Wok. Its annual report for 2021 included the follnusing ctatomente- \begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} MTY FOOD GROUP INC. \\ Consolidated Statement of Financial Posit \\ As at November 30,2021 and 2020 \\ (in thousands of Canadian dollars) \end{tabular} & tion & 2020 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & 61,231 & 44,302 \\ \hline Accounts receivable & 57,459 & 55,886 \\ \hline Inventories & 10,707 & 9,415 \\ \hline Current portion of loans and other receivables & 1,189 & 1,527 \\ \hline Current portion of finance lease receivables & 89,046 & 90,303 \\ \hline Income taxes receivable & 3,712 & 420 \\ \hline Other assets & 2,403 & 2,792 \\ \hline \multirow[t]{2}{*}{ Prepaid expenses and deposits } & 7,721 & 6,750 \\ \hline & 233,468 & 211,395 \\ \hline Loans and other receivables & 3,049 & 3,233 \\ \hline Finance lease receivables & 310,223 & 377,824 \\ \hline Contract cost asset & 5,631 & 5,171 \\ \hline Deferred income taxes & 185 & 207 \\ \hline Investment in a joint venture & 25,911 & 26,612 \\ \hline Property, plant and equipment & 17,526 & 16,551 \\ \hline Right-of-use assets & 59,937 & 69,223 \\ \hline Intangible assets & 820,274 & 864,029 \\ \hline \multirow[t]{2}{*}{ Goodwill } & 428,390 & 439,452 \\ \hline & $1,904,594 & $2,013,697 \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{\begin{tabular}{l} Liabilities and shareholders' equity \\ Liabilities \end{tabular}}} \\ \hline & & \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Current liabilities \\ Current \end{tabular}} \\ \hline Accounts payable and accrued liabilities & $119,462 & $111,372 \\ \hline Provisions & 1,692 & 3,065 \\ \hline Gift card and loyalty program liabilities & 101,889 & 95,233 \\ \hline Income taxes payable & 4,256 & 18,335 \\ \hline Current portion of deferred revenue and deposits & 16,100 & 13,747 \\ \hline Current portion of long-term debt & 13,116 & 12,888 \\ \hline \multirow[t]{2}{*}{ Current portion of lease liabilities } & 101,973 & 114,915 \\ \hline & 358,488 & 369,555 \\ \hline Long-term debt & 347,612 & 447,654 \\ \hline Lease liabilities & 371,575 & 443,834 \\ \hline Deferred revenue and deposits & 44,339 & 41,367 \\ \hline Deferred income taxes & 132,653 & 128,773 \\ \hline \multirow[t]{2}{*}{ Other liabilities } & 1,029 & - \\ \hline & 1,255,696 & 1,431,183 \\ \hline \multicolumn{3}{|l|}{ Shareholders' equity } \\ \hline \multicolumn{3}{|l|}{ Equity attributable to owners } \\ \hline Capital stock & 305,961 & 306,415 \\ \hline Reserves & (18,315) & (11,185) \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 359,993 & 286,525 \\ \hline & 647,639 & 581,755 \\ \hline \multirow[t]{3}{*}{ Equity attributable to non-controlling interests } & 1,259 & 759 \\ \hline & 648,898 & 582,514 \\ \hline & $1,904,594 & $2,013,697 \\ \hline \end{tabular} Additional information related to 2019 at year-end is as follows: The company's market price per share was $54.71 at November 30, 2021 and \$51.65 at November 30, 2020. 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.) P12-8 (Static) Analyzing Financial Statements by Using Appropriate Ratios LO12-7, 12-8, 12-9, 12-10, 1211 MTY Food Group Inc. is a Canadian franchisor and operator of numerous quick service restaurants operating under 75 brand names such as Thai Express, Mucho Burrito, Sushi Go, Jugo Juice, Tutti Frutti, and Manchu Wok. Its annual report for 2021 included the follnusing ctatomente- \begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} MTY FOOD GROUP INC. \\ Consolidated Statement of Financial Posit \\ As at November 30,2021 and 2020 \\ (in thousands of Canadian dollars) \end{tabular} & tion & 2020 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & 61,231 & 44,302 \\ \hline Accounts receivable & 57,459 & 55,886 \\ \hline Inventories & 10,707 & 9,415 \\ \hline Current portion of loans and other receivables & 1,189 & 1,527 \\ \hline Current portion of finance lease receivables & 89,046 & 90,303 \\ \hline Income taxes receivable & 3,712 & 420 \\ \hline Other assets & 2,403 & 2,792 \\ \hline \multirow[t]{2}{*}{ Prepaid expenses and deposits } & 7,721 & 6,750 \\ \hline & 233,468 & 211,395 \\ \hline Loans and other receivables & 3,049 & 3,233 \\ \hline Finance lease receivables & 310,223 & 377,824 \\ \hline Contract cost asset & 5,631 & 5,171 \\ \hline Deferred income taxes & 185 & 207 \\ \hline Investment in a joint venture & 25,911 & 26,612 \\ \hline Property, plant and equipment & 17,526 & 16,551 \\ \hline Right-of-use assets & 59,937 & 69,223 \\ \hline Intangible assets & 820,274 & 864,029 \\ \hline \multirow[t]{2}{*}{ Goodwill } & 428,390 & 439,452 \\ \hline & $1,904,594 & $2,013,697 \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{\begin{tabular}{l} Liabilities and shareholders' equity \\ Liabilities \end{tabular}}} \\ \hline & & \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Current liabilities \\ Current \end{tabular}} \\ \hline Accounts payable and accrued liabilities & $119,462 & $111,372 \\ \hline Provisions & 1,692 & 3,065 \\ \hline Gift card and loyalty program liabilities & 101,889 & 95,233 \\ \hline Income taxes payable & 4,256 & 18,335 \\ \hline Current portion of deferred revenue and deposits & 16,100 & 13,747 \\ \hline Current portion of long-term debt & 13,116 & 12,888 \\ \hline \multirow[t]{2}{*}{ Current portion of lease liabilities } & 101,973 & 114,915 \\ \hline & 358,488 & 369,555 \\ \hline Long-term debt & 347,612 & 447,654 \\ \hline Lease liabilities & 371,575 & 443,834 \\ \hline Deferred revenue and deposits & 44,339 & 41,367 \\ \hline Deferred income taxes & 132,653 & 128,773 \\ \hline \multirow[t]{2}{*}{ Other liabilities } & 1,029 & - \\ \hline & 1,255,696 & 1,431,183 \\ \hline \multicolumn{3}{|l|}{ Shareholders' equity } \\ \hline \multicolumn{3}{|l|}{ Equity attributable to owners } \\ \hline Capital stock & 305,961 & 306,415 \\ \hline Reserves & (18,315) & (11,185) \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 359,993 & 286,525 \\ \hline & 647,639 & 581,755 \\ \hline \multirow[t]{3}{*}{ Equity attributable to non-controlling interests } & 1,259 & 759 \\ \hline & 648,898 & 582,514 \\ \hline & $1,904,594 & $2,013,697 \\ \hline \end{tabular} Additional information related to 2019 at year-end is as follows: The company's market price per share was $54.71 at November 30, 2021 and \$51.65 at November 30, 2020. 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.)