Hoof and Fin Restaurant

David Green is considering his operating report for the most recent year. David is a restaurant manager for one of twenty restaurants owned and operated by Hoof and Fin, Inc. The first Hoof and Fin Restaurant was opened in Austin, Texas, almost forty years ago, but has since grown to a twenty-location chain throughout the major cities in Texas. The owner, Roger Nisbett, owns most of the stock in the company, which went public sixteen years ago to finance the growth of the company. David has been working for Hoof and Fin for six years, first as an assistant manager.…