Question: The following data are based on information in the 2 0 1 8 annual report of Cracker Barrel Old Country Store. As of August 3

The following data are based on information in the 2018 annual report of Cracker Barrel Old Country Store. As of August 3,2018, Cracker Barrel operated 655 restaurants and gift shops in 45 states. Dollar amounts are in thousands.
20182017
Assets $ 1,527,355 $ 1,521,942
Liabilities 945,574977,435
Stockholders' equity 581,781544,507
Revenues 3,030,4452,926,289
Expenses 2,782,8252,724,390
Dividends 207,649197,544
Retained earnings at end of 2016488,481
Required
Calculate the companys net income and retained earnings for 2017 and 2018.

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