Access the February 22, 2019, filing of the December 31, 2018, annual 10-K report of McDonalds Corporation
Question:
Access the February 22, 2019, filing of the December 31, 2018, annual 10-K report of McDonald’s Corporation (ticker: MCD), which is available from SEC.gov.
Required
1. Identify the current liabilities on McDonald’s balance sheet as of December 31, 2018.
2. Use the consolidated statement of income for the year ended December 31, 2018, to compute McDonald’s times interest earned ratio. Comment on the result. Assume an industry average of 5.0.
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1 Current liabilities on McDonalds balance sheet as of December 31 ...View the full answer
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