Ruths chris steakhouse is the largest upscale steakhouse, Ask an Expert

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Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants.

The company's menu features a broad selection of highquality USDA prime grade steaks and other premium offerings.

Currently, there are 100 Ruth's Chris restaurants, of which 50 are company-owned and 50 are franchisee-owned, including 10 international franchisee-owned restaurants in Mexico, Hong Kong, Taiwan, and Canada. Information from the company's annual report is shown below (dollar amounts in thousands, except share data)

a. Common stock, par value $0.01, 100,190,000 shares authorized, 23,265,356 issued and outstanding at December 31, 2010, 23,433,356 issued and outstanding at December 31, 2011.

b. Additional paid-in capital $175,431 in 2010 and $184,389 in 2011.
c. Accumulated deficit $81,897 in 2010.
.
d. Net income in 2011 was $54,283. No dividends were paid.

Required:

Prepare the stockholders' equity section of the balance sheet at December 31 for 2010 and 2011.

(Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92783092

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