California Pizza Kitchen opened its first restaurant In Beverly Hills in 1985. Almost immediately after...
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California Pizza Kitchen opened its first restaurant In Beverly Hills in 1985. Almost immediately after the first location opened, it expanded from California to more than 250 locations in more than 30 states and 11 countries. California Pizza Kitchen completed an initial public offering in August 2000 and traded on the NASDAQ National Market under the ticker symbol CPKI. On July 7, 2011, Golden Gate Capital completed the acquisition of California Pizza Kitchen and, as a result of the acquisition, the companys common stock is no longer publicly traded.
Compute the following ratios using information from the company annual report that was issued before California Pizza Kitchen was acquired. (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Negative amounts should be indicated by a minus sign.)
a. Current Ratio
b. Quick Ratio
c. Profit Margin
d. Return on Equity
e. Inventory Turnover
f. Debt-to-Equity
g. Earnings Per Share
CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Balance Sheets January 2, 2011, and January 3 2010 (in thousands, except for share data) 2010 2009 Assets Current assets: Cash and cash equivalents Other receivables $ 39,230 39,424 17,626 7,672 8,201 7,072 3,426 16,679 7,942 9,350 456 6,613 Current deferred tax asset, net Prepaid rent Other prepaid expenses Total current assets Property and equipment, net Noncurrent deferred tax asset, net Goodwill Other intangibles, net Other assets 80,270 273,441 23,325 6,737 6,241 9,528 83,421 281,111 26,235 6,737 6,118 8,124 Total assets $399,542 $411,746 Liabilities and stockholders' equity Current liabilities Accounts payable Accrued compensation and benefits Accrued rent Deferred rent credits Other accrued liabilities Gift card liability Store closure reserve $ 23,060 13,648 24,695 21,411 5,950 27,115 26,490 821 24,767 25,248 6,263 29,890 20,427 72 Total current liabilities 129,727 120,130 Long-term debt Other liabilities Deferred rent credits, net of current portion Income taxes payable, net of current portion Commitments and contingencies Stockholders' equity: 23,200 13,587 33,900 10,520 19,102 34,599 544 Common stock-$0.01 par value, 80,000,000 shares authorized, 25,479,797 and 25,095,800 shares issued and outstanding at January 2, 2011, and January 3, 2010, respectively Additional paid-in capital Retained earnings 255 188,563 26,752 251 183,000 27,158 Total stockholders' equity 215,570 210,409 Total liabilities and stockholders' equity $399,542 $411,746
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