E18-11 The following data (dollar amounts in millions) are from the financial statements of McDonald's Corporation, the

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E18-11 The following data (dollar amounts in millions) are from the financial statements of McDonald's Corporation, the restaurant chain. Average stockholders' equity. Interest expense Preferred stock $9,639 $436 -0- 25.04% 14.692% Rate of return on stockholders' equity Income tax rate. 20.21% 32.45% Operating income as a percent of sales. Rate of return on sales. Required Complete the following condensed income statement. Report amounts to the nearest million dollars. Sales. Operating expenses. Operating income Interest expense. Income before tax- Income tax expense Net income..

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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