Liz Marett is the chief financial officer for Fulton Restaurants.  She delivered the following comments in a recent conference call...

profileirihch

 

Liz Marett is the chief financial officer for Fulton Restaurants.  She delivered the following comments in a recent conference call with analysts that follow the company:                          

 

            "20X5 was another excellent year.  Net income was a record setting $10,000,000.  Food Revenue reflected 60% of total revenue with the remainder being beverage and other.  We maintained our overall profit margin at the historic 10% level.  This occurred despite an increase in food costs that lowered our food department gross profit to 55%.  We are proud that we continue to maintain a healthy balance sheet that is free of any liabilities.  All of our financing continues to be provided by our common and preferred shareholders.  Our beginning of year equity of $75,000,000 was sufficient to fund our capital needs, and no additional shares were issued this year.  Our shareholders have again received their full $2,000,000 in dividends for the year.  The remaining earnings have been reinvested in the company."     

 

 

 

Use profitability ratios to determine Fulton's:

 

  1. Total sales

  2. Food Revenue

  3. food cost of goods sold

  4. net income

 

    • 13 years ago
    • 999999.99
    Answer(0)
    Bids(0)