Answered: Krispy Kreme Dunkin' Brands Operating…

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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Question

Krispy Kreme Doughnuts, Inc. (KKD) is a leading retailer and wholesaler of doughnuts. Krispy Kreme owns or franchises more than 1,100 stores where the “hot" light tells you if doughnuts are cooking. Dunkin* Brands Group, Inc. (DNKN) is a leading franchisor of doughnut (Dunkin' Donuts) and ice cream (Baskin-Robbins) shops with more than 20,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in thousands):

a. Determine the days' cash on hand for each company. Round all calculations to one decimal place.
b. Which company appears to have the stronger cash liquidity position?

Krispy Kreme
Dunkin' Brands
Operating expenses
Depreciation expense
Cash (end-of-year balance)
$466,616
$438,108
16,199
50,785
20,458
361,425

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