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  • Bob Evans Farms Inc Operates 579 Restaurants in 18 States

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    M Bilal Saleem
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    Bob Evans Farms operates restaurants and produces food products distributed in the Midwest, Southwest, and Southeast. Between 2005 and 2007, the company's sales increased by 4% while net income declined by 26%. The company opened fewer new restaurants in 2007 than 2006, which likely contributed to a decrease in return on assets.

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    Bob Evans Farms operates restaurants and produces food products distributed in the Midwest, Southwest, and Southeast. Between 2005 and 2007, the company's sales increased by 4% while net income declined by 26%. The company opened fewer new restaurants in 2007 than 2006, which likely contributed to a decrease in return on assets.

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    © All Rights Reserved
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    4 views1 page

    Bob Evans Farms Inc Operates 579 Restaurants in 18 States

    Uploaded by

    M Bilal Saleem
    Bob Evans Farms operates restaurants and produces food products distributed in the Midwest, Southwest, and Southeast. Between 2005 and 2007, the company's sales increased by 4% while net income declined by 26%. The company opened fewer new restaurants in 2007 than 2006, which likely contributed to a decrease in return on assets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Bob Evans Farms Inc operates 579 restaurants in 18 states

    Bob Evans Farms, Inc. operates 579 restaurants in 18 states and produces fresh and fully
    cooked sausage products, fresh salads, and related products distributed to grocery stores in the
    Midwest, Southwest, and Southeast. For a recent 3-year period Bob Evans Farms reported the
    following selected income statement data (in millions of dollars).Instructions(a) Compute the
    percentage change in sales and in net income from 2005 to 2007.(b) What contribution, if any,
    did the company’s gross profit rate make to the decline in earnings?(c) What was Bob Evans’s
    profit margin ratio in each of the 3 years? Comment on any trend in this percentage.(d) The
    chief executive officer’s letter stated that the company continued to invest prudently in
    restaurants, opening 10 new restaurants in 2007, compared to 20 openings in 2006. What effect
    would you expect this change to have on return on assets? Calculate the company’s return on
    assets for 2006 and 2007 to see if it reflects the increase in number ofstores.
    View Solution:
    Bob Evans Farms Inc operates 579 restaurants in 18 states
    SOLUTION-- http://expertanswer.online/downloads/bob-evans-farms-inc-
    operates-579-restaurants-in-18-states/

    See Answer here expertanswer.online


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