The following data are based on information in the 2010 annual report of Cracker Barrel Old Country Store. As of September 30, 2010, Cracker Barrel operated 595 restaurants and gift shops in 41 states. Dollar amounts are in thousands.

Required
a. Calculate the company’s net income and retained earnings for 2009 and 2010.
b. Which increased (or decreased) by the greatest percentage amount: revenues or net income?
Show your computations.
c. For each year, calculate the company’s net income as a percentage of its revenues. Show your computations.
d. Did the company perform better in 2009 or 2010? Explain youranswer.

2010 2009 Assets Liabilities Stockholders' equity Revenues Expenses Dividends Retained earnings at end of 2008 $1,292,067 $1,245,181 1,109,559 135,622 2,367,285 2,301,359 18,131 S 119,450 1,100,450 191,617 2,404,515 2,319,257 18,465