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Question: atc 23 business application case analyzing earnings information using realworld...

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ATC 2-3 Business Application Case Analyzing earnings information using real-world data LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12

The following data are based on information in the 2016 annual report of Cracker Barrel Old Country Store. As of July 29, 2016, Cracker Barrel operated 595 restaurants and gift shops in 43 states. Dollar amounts are in thousands.

2016 2015
Assets $ 1,432,067 $ 1,315,181
Liabilities 1,170,450 1,123,559
Stockholders’ equity 261,617 191,622
Revenues 2,544,515 2,437,285
Expenses 2,389,257 2,315,359
Dividends 19,865 19,531
Retained earnings at end of 2014 $ 120,850


Required
a. Calculate the company’s net income and retained earnings for 2015 and 2016.
b. Calculate the percentage increased/decreased in the company's revenue and net income.
c. For each year, calculate the company’s net income as a percentage of its revenues.
d. Did the company perform better in 2015 or 2016?

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