Question

Please fill in the grey spaces for the updated Income Statement.

с H 12 Months Ended Dec. 31, 2019 Dec 31, 2018 Dec 31, 2017 $5,586,369 $ 4,864,985 $ 4,476,412 Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands Consolidated Statements of Income [Abstract] Revenue Restaurant operating costs (exclusive of depreciation and amortization shown separately below): Food, beverage and packaging Labor Occupancy Gross Expenses Gross Income Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Impairment, closure costs, and asset disposals Total operating expenses Income from operations Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per share: Basic 1,847,916 1,472,060 363,072 3,683,048 1,903,321 760,831 451,552 212,778 11,108 23,094 5,142,411 443,958 14,327 458,285 (108,127) $ 350,158 1,600,760 1,326,079 347,123 3,273,962 1,591,023 680,031 375,460 201,979 8,546 66,639 4,606,617 258,368 10,068 268,436 (91,883) $ 176,553 1.535,428 1,205.992 327,132 3,068,552 1,407,860 651,644 296,388 163,348 12,341 13,345 4,205,618 270,794 4,949 275,743 (99,490) $ 176,253 $ 12.62 $ 6.35 $ 6.19 Weighted average common shares outstanding: Basic 27.740 27.823 28.491

There is a sale change of 8%. Margins stay the same, Tax Rate is 21% and no dividends. Shares outstanding remain the same. Future Dividend Payout is 10%

Answer 1

Answer

12 Months End 12 Months End Dec 31, 2019 Dec 31, 2019 $55,86,369 $60,33,279 Consolidated Statements of Income - USD ($) shares in Thousands. $ in Thousands Consolidated Statements of Income [Abstract] Revenue/Sales Restaurant operating costs (ezclusive of depreciation and amortization shown separately Food, beverage and packaging Labor Occupancy Gross Expenses Gross Income Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Impairment, closure costs and asset Total operating expenses Income from operations Interest and other income net Income before income taxes Provision for income taxes Net income $18,47,916 $14,72,060 $3,63,072 $36,83,048 $19,03,321 $7,60,831 $4,51,552 $2,12,778 $11,108 $23,094 $51,42,411 $4,43,958 $14,327) $4,58,285 -$1,08,127 $3,50,158 $19,95,749 $15,89,825 $3,92,118 $39,77,692 $20,55,587 $8,21,697 $4,87,676 $2,29,800 $11,997 $24,942 $55,53,804 $4,79,475 $15,473 $4,94,948 -$1,03,939 $3,91,009 Future Dividend: Retained Earnings: $39,101 $3,51,908 Earnings per share: $12.62 $14.10 Weighted average common shares outstanding: 27,740 27,740

Note:

1) Sales increased by 8%

2) As margin remain the same, other income and expenses also increased by 8%