Access the February 24, 2014, filing of the December 31, 2013, annual 10-K report of McDonalds Corporation
Question:
Required
1. Identify the current liabilities on McDonald’s balance sheet as of December 31, 2013.
2. What portion (in percent) of McDonald’s long-term debt matures within the next 12 months?
3. Use the consolidated statement of income for the year ended December 31, 2013, to compute McDonald’s time’s interest earned ratio. Comment on the result. Assume an industry average of 15.0.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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1 McDonalds 2013 current liabilities include the following Accounts payable Income taxes Othe...View the full answer
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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