Cash Flows for McDonald's Corporation McDonald's Corporation had cash and equivalents of $334.8 million on December 31,

Question:

Cash Flows for McDonald's Corporation McDonald's Corporation had cash and equivalents of $334.8 million on December 31, 1995. McDonald's reported revenues of $9,794.5 million, total operating costs and ex- penses of $7,193.2 million, and net income of $1,427.3 million for the year ended De- cember 31, 1995. Cash provided by operations during 1995 amounted to $2,296.2 million. During 1995, McDonald's purchased property and equipment in the amount of $2,063.7 million. McDonald's also borrowed $1,250.2 million for long-term financing during 1995. Cash amounting to $45.3 million was used for various other investing ac- tivities, and cash used for other types of financing activities amounted to $1,282.5 mil- lion during the year.

Required 1. Prepare a simplified statement of cash flows for McDonald's for the year ended De- cember 31, 1995. 2. What possible types of business activities might be included in the other investing and financing activities mentioned above?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: