Balance Sheet Analysis Applebee’s International 2004
In analyzing the common-size balance sheet for Applebee’s, it is noted that the total current assets has jumped from 11% to 14% of the total assets. The total assets for Applebee’s has jumped 6% from 2000 to 2001 driven by increased in the total current assets of 28%. Of those 28% increase, they consisted of 88% increase in the Cash & Equivalents (increased of $10.6 millions) caused by the decreased in the Capital Stock repurchasing in 2001 by Applebee’s. The repurchase of capital stock has decreased by 31% as noted from the year-to-year percentage changes of the Statement of Cash Flow which equivalent to about $11 million dollars. The other current assets increased was from the other Current Assets category; there was an increase of 92% from 2000 to 2001. Due to the higher earnings for Applebee’s, there was an increase in income tax due. A significant component of the increase of other Current Assets was from increased in prepaid income taxes with net deferred income tax asset of $6.7 millions dollars.
The intangibiles has also decreased from 18% to 16% in common-size balance sheet for Applebee’s from 2000 to 2001. This is equivalent to a decrease of 7% from year to year percentage change. This change was driven by amortization of intangible assets related to previous acquisitions of other franchisee restaurants by Applebee’s.
There was a trend in rise of the net property & equipment related assets since 2002 to 2004. This boost in net property and equipment assets was related to the acquisition strategy conducted by Applebee’s. For the $34 millions acquisitions of 21 restaurants in Washington D.C. area on November 7, 2002; $24 millions has been allocated to the fair value of property and equipment plus $10 millions in goodwill. This has caused a jump in net property & equipment assets for 2002 to jumped 16% and Intangibles assets to jumped 12% when compared to 2001. Since most of the purchased are by cash, this has caused a 31% decreased in the Cash & Equivalents for Applebee’s balance sheet. For the 11 Applebee’s restaurants acquisitions in Illinois, Indianan, Kentucky, and Missouri for $21.8 million on March 24, 2003, $7.9 millions were allocated to the fair value of property and equipment, the other $16.6 millions went to goodwill, plus a net liabilities in additions of $1.3...
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...ense has decreased 82.8% from 2000 to 2004. All the above are contributing factors in Applebee’s achieving higher earnings, a 75% increase in net earnings from 2000 to 2004. Average shares has fall due to consistent share repurchasing programs by Applebee’s. Overall, the common-size analysis of the income statement are relatively consistent over the five years of study. Cost of goods has stayed consistent between 74%-75%, the Depreciation and amortization is between 9%-11%, income from Continue operations and Net Income are also both between 9%-10% in common-size analysis for income Statement. No unusual flutuations has been discovered.
As of December 26, 2004, our liquid assets totaled $10,924,000. These assets consisted of cash and cash equivalents in the amount of $10,642,000 and short-term investments in the amount of $282,000. The working capital deficit increased slightly from $50,359,000 as of December 28, 2003 to $51,041,000 as of December 26, 2004. This increase was due primarily to increases in the loss reserve and unearned premiums related to the captive insurance subsidiary and accounts payable and was partially offset by increases in inventories and receivables.
One look at the common-size income statements for these companies can tell a story. While Jones Apparel Group was lagging at year ended 1998, even with a restructuring charge on Liz Claiborne’s income statement, 1999 was a different story. Huge growth at Jones lead to revenues double of that one year ago while Liz, while increasing, was quickly falling behind. The growth for both of these companies continued into the year ended 2000, but Jones Apparel Grou...
Sperry, Lori B., and Liz Grauerholz. "The Pervasiveness and Persistence of the Feminine Beauty Ideal in Children's Fairy Tales." Gender and Society 17.5 (2003): 711-26. JSTOR. Web. 4 July 2015.
This report includes financial analysis of retail company ‘’Sainsbury’s’’, one of the biggest retail companies in the United Kingdom .The report examines the financial health of the business and evaluates the business performance by summarising the financial performance and applying financial ratios to further analyse the business’ financial . The financial analysis is displayed by analysing the information gathered from website ‘‘companies’ house’’. All the taken information contains income statements, cash flow statements and balance sheets. By the end of this report, a clear understanding of ‘Sainsbury’s’ financial analysis will be made, so that viable investment decision could be made accurately.
Senior Management of PepsiCo is evaluating the potential acquisition of two companies – Carts of Colorado and California Pizza Kitchen – in order to expand the company’s restaurant business. If indeed PepsiCo decides to pursue the acquisition of one or both, they must decide how to align each of these business units in its historically decentralized management approach and how to forge relationships between the acquired business units and existing business units. In their evaluation, Senior Management is faced with the question of whether the necessary capital investment in order to purchase one or both of the businesses can be profitable for each of the acquired business units, but must also take into consideration that the additional business units will not hinder the profitability of the existing business units.
This is illustrated by the first prophecy from the three witches. The witches reveal to Macbeth that he will be the thane of Cawdor and the future king of Scotland. They say to Macbeth, “All hail, Macbeth! Hail to thee, thane of Glamis!/ All hail, Macbeth! Hail to thee, thane of Cawdor!/ All hail, Macbeth, that shalt be king hereafter!” (1.3.49-51) The prophecy from the three witches influences Macbeth, foreseeing that he will become king of Scotland and removing all doubt from his mind. Macbeth believes in the witches’ prophecies, so he asks them for a second vision. Macbeth asks the witches to reveal possible threats, and the prophecy tells him to beware of
In Tim O’Brien’s novel The Things They Carried, it is important to notice the change in the characters as time passes by. Specifically, Tim O’Brien, the main character, shows a significant shift in his feelings towards war. In the past he detested the war evident in his plan to flee to Canada , while in the present, he feels a sense of union and connection with his soldier friends. In the future, as he is writing the novel, he implicitly suggests to the readers that he misses the war through his recount of different events during the war. Within the passage of time, Tim O’Brien experiences a change in feelings towards the war, starting with hatred, love, and reminiscence.
Panera Bread had a 0.86 quick ratio for the year ending December 2014 which was an increase over their 2013 fiscal year ratio of 0.69. This indicates that the company has $0.86 of liquid assets accessible to account for every $1 of current liabilities. This annual escalation was generated by a greater increase in Panera Bread’s assets over the year compared to its liabilities. The industry average for this sector is a quick ratio of 0.80. These figures illustrate that Panera Bread is executing superior to the rest of the industry. Panera Bread has firm financial power to reimburse its debts if
Panera Bread’s market to book ratio for the 2014 fiscal year was 6.6 compared to 2013’s yearend ratio of 7.0. During the 2014 year, Panera Bread’s competitors, Starbucks Corp. and Chipotle Mexican Grill, saw ratios of 12.6 and 9.2 respectfully. Over the last five years, the market to book ratio of Panera Bread had been from 5.2 to 7.0. The S&P 500 average for 2014 was 2.7 and the industry average was 9.6. Panera Bread’s market to book ratio is lower than the industry average, but higher than the stock market average represented by the S&P 500. This implies that the stock may be presently
Ever since they they changed their schedule, Rat Kiley just was not himself and could not adjust. One day he just could not handle it anymore and shot off one of his feet because of it. “He couldn't stop talking. Wacky talk too” (O’Brien 209). Kiley did not know how to adjust, so he found out talking about everything and anything was his way to adjust. Kiley recounted all of the memories of the injuries and wounds he encountered throughout the war and was not able to shake the images. “It was a sad thing to watch. Definitely not the old Rat Kiley…” (O’Brien 210). Now we get to the viewpoint of O’Brien and the other soldiers, they knew Kiley was no longer himself. O’Brien is able to relook and remember exactly what happened to Kiley. Both Kiley and O’Brien remember stories from the war. Kiley being the farces and wounds, and O’Brien being the change in
Sales growth have slowed since the organizations inception. It was stated in the case which led to the organization’s decision to expand their geographic area to attract new sales. Sales will increase during 2006-2007 with Brodie’s Industrial Supply expanding their geographic region. Total assets have jumped significantly reflecting the switch from renting their facility to purchasing and expanding the facility/warehouse. Total assets for 2006-2007 will drop as the organization is only expanding their facility instead of purchasing in the previous year. This was also reflected in the large change in Total Assets. While
One of the main themes that I noticed when I was reading through the fairy tale texts was the theme of stereotypes. Firstly, what are stereotypes? Stereotypes are essentially an offensive generalization or an over exaggerated view that is used to categorize a group of people. I noticed that in two of the three texts that I have selected for this paper, the authors, Jakob Grimm and Wilhelm Grimm, tend to portray women as being very dependent on men. In addition, to being depicted as being very dependent, they were also shown to be weak and very naïve. My goal in this paper is to highlight the numerous accounts of stereotypes that are cast mainly upon women and sometimes men as well, whether it be fictional or non-fictional, through the use of two texts. These texts are “Cinderella” and “Snow White and the Seven Dwarfs”. For my third text I chose to use “Precious” by Nalo Hopkinson, because it challenges the stereotypical ideas presented of women.
...ant improvement. The decline in property, plant, and equipment may be hurting Rondo and contributing to overall inefficiencies. Sales are growing but profits are not. Rondo's costs are too high and need to be reduced. In addition, inventory turns are degrading and inventory reduction strategies need to be investigated. A major problem for Rondo is the number of days it takes to collect accounts receivable. Significant focus is required in this area to free up cash, which can then be used to invest in property, plant, and equipment. These problems areas contribute significantly to an inefficient operation. This inefficiency inhibits profitability at Rondo and has led to a loss of investor confidence. Rondo's sales and net income have grown year over year and if the company can improve its efficiency in the areas noted above, investor confidence can be recaptured.
In Medieval literature women were presented as damsels in distress. Fairy tales like Rapunzel, Snow White and Sleeping Beauty all come from the middle Ages, which are all variations of the classic, arguably patronising tale in which ...
The company that we are auditing is a regional convenient store chain called Wawa. Many local people think that the store is a cash cow that cannot do anything to hurt its profits or market share. The truth is, the company is large and successful but it is not invincible and for many reasons. The company is privately traded, meaning it cannot issue common stock to help itself get out of hard times financially. Wawa is local with stores in New Jersey, Delaware, Pennsylvania, and Virginia. Although Wawa has a good reputation with local people, out of town people are not as aware. Fortunately, Wawa distributes products that are inelastic in nature. Gasoline, food, and tobacco products for most people, no matter what the condition of the economy is or how much money they cost, they will still buy them.
After the inspection of Barnes & Noble investing and financing activities for 2014 as identified in the cash flows statement one of the two largest investing activities would be the purchases of property and equipment. Regrettably this is a deteriorating value. (Statement of Cash Flow page 35) The second largest investment activity would be the net decrease in other noncurrent assets. This figure indicates an improvement from previous years evaluated. (Statement of Cash Flow page 35) Further investigation into the two largest financing activities; indicate that proceeds from credit facility would be the largest activity of the two financing activities. With net proceeds from Microsoft Commercial Agreement financing arrangement indicating a steady increase over the past few years. Indications are an increase in inventory, signals that company has spent more money to purchase raw materials. A change in equipment, assets or investments relate to cash from investing. Thus, a conflict with the investing strategy appears to be employed with this investment causing a deteriorating performance. As for the net proceeds from Microsoft Commercial Agreement the inflation from the previous year doubled. This is definitely a sound financial strategy for Barnes & Noble to be employing. According to the 2014 Annual Report, cash flows provided by operating activities