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Bloomin' Brands, Incorporated is the corporation behind five restaurant chains: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar, and Roy's. The following data were taken from its 2018 annual report. All dollar amounts are in millions. Total restaurant sales Cost of goods sold Net income Fiscal Years Ending December 31, 2017 December 30, 2018 $ 4,061 1,296 110 $ 4,169 1,317 103 Required a. Compute Bloomin' Brands' gross margin percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) b. Compute Bloomin' Brands' return-on-sales percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) c. Based on the percentages computed in Requirements a and b, did Bloomin' Brands' performance get better or worse from 2017 to 2018? a. Gross margin percentage b. Return-on-sales percentage c. Did Bloomin' Brands' performance get better or worse from 2017 to 2018? 2018 % % 2017 %6 %6

Bloomin' Brands, Incorporated is the corporation behind five restaurant chains: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar, and Roy's. The following data were taken from its 2018 annual report. All dollar amounts are in millions. Total restaurant sales Cost of goods sold Net income Fiscal Years Ending December 31, 2017 December 30, 2018 $ 4,061 1,296 110 $ 4,169 1,317 103 Required a. Compute Bloomin' Brands' gross margin percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) b. Compute Bloomin' Brands' return-on-sales percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) c. Based on the percentages computed in Requirements a and b, did Bloomin' Brands' performance get better or worse from 2017 to 2018? a. Gross margin percentage b. Return-on-sales percentage c. Did Bloomin' Brands' performance get better or worse from 2017 to 2018? 2018 % % 2017 %6 %6

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bloomin' Brands, Incorporated is the corporation behind five restaurant chains: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar, and Roy's. The following data were taken from its 2018 annual report. All dollar amounts are in millions. Total restaurant sales Cost of goods sold Net income Fiscal Years Ending December 31, December 30, 2018 $ 4,061 1,296 110 2017 $ 4,169 1,317 103 Required a. Compute Bloomin' Brands' gross margin percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) b. Compute Bloomin' Brands' return-on-sales percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) c. Based on the percentages computed in Requirements a and b, did Bloomin' Brands' performance get better or worse from 2017 to 2018? a. Gross margin percentage b. Return-on-sales percentage c. Did Bloomin' Brands' performance get better or worse from 2017 to 2018? 2018 % % 2017 % %
Transcribed Image Text:Bloomin' Brands, Incorporated is the corporation behind five restaurant chains: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar, and Roy's. The following data were taken from its 2018 annual report. All dollar amounts are in millions. Total restaurant sales Cost of goods sold Net income Fiscal Years Ending December 31, December 30, 2018 $ 4,061 1,296 110 2017 $ 4,169 1,317 103 Required a. Compute Bloomin' Brands' gross margin percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) b. Compute Bloomin' Brands' return-on-sales percentage for 2018 and 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) c. Based on the percentages computed in Requirements a and b, did Bloomin' Brands' performance get better or worse from 2017 to 2018? a. Gross margin percentage b. Return-on-sales percentage c. Did Bloomin' Brands' performance get better or worse from 2017 to 2018? 2018 % % 2017 % %
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