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?
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Financial Accounting The Impact On Decision Makers
ISBN: 9780030270994
2nd Edition
Authors: Gary A. Porter, Curtis L. Norton