11 book pinces INCOME STATEMENT OF QUICK BURGER CORP., 2019 igures in 5 millions) Net sales Costs Depreciation Lernings before interest and taxes (EBIT) Interest expense Pretax incom Federal taxes (215) Net income Assets Current assets Cash and marketable securities Receivables Inventories. Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Tatal assets Tien cash flow 5 7,050 milion 2019 $ 27,567 17,565 1,4021 $2,336 1,375 $ 8,596 517 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in 1 millions) 2018 5,079 1,697 $ 6,382 $2,336 1,335 122 1,089 $4,922 $4,404 117 616 Liabilities and Shareholders' Equity Current liabilities in 2019 Quick Burger had capital expenditures of $3,049. a. Calculate Quick Burger's free cash flow in 2019. (Enter your answer in millions.) Debt due for repayment Accounts payable Total current liabilities Long-tere debt Other long term liabilities $24,677 $22,835 2,804 2,653 Total liabilities 2,983 Total shareholders equity 3,099 $32,991 Total liabilities and shareholders' equity $35,386 2019 $3,403 $3,403 $ 13,633 3,057 $ 20,091 15,293 $35,386 2018 $367 3,14) $ 3,510 $12,134 2,957 $10,601 14,390 $32,991 10 po 11 7 Intangible assets (goodwill) other long-tere assets Total assets In 2019 Quick Burger had capital expenditures of $3,049. e. Calculate Quick Burger's free cash flow in 2019. (Enter your answer in millions.) Additional tax s 7,055 milion Fie cash 2,804 2,983 $35,386 2,653 Total liabilities 3,099 Total shareholders' equity $32,991 Total liabilities and shareholders' equilty b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places) S 1.340 22 ton $18,601 120,091 15,391 14,390 $35,386 $12,991 c. What would the company's free cash flow have been if it was all-equity financed? (Enter your answer in millions.) Check my work 11 book pinces INCOME STATEMENT OF QUICK BURGER CORP., 2019 igures in 5 millions) Net sales Costs Depreciation Lernings before interest and taxes (EBIT) Interest expense Pretax incom Federal taxes (215) Net income Assets Current assets Cash and marketable securities Receivables Inventories. Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Tatal assets Tien cash flow 5 7,050 milion 2019 $ 27,567 17,565 1,4021 $2,336 1,375 $ 8,596 517 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in 1 millions) 2018 5,079 1,697 $ 6,382 $2,336 1,335 122 1,089 $4,922 $4,404 117 616 Liabilities and Shareholders' Equity Current liabilities in 2019 Quick Burger had capital expenditures of $3,049. a. Calculate Quick Burger's free cash flow in 2019. (Enter your answer in millions.) Debt due for repayment Accounts payable Total current liabilities Long-tere debt Other long term liabilities $24,677 $22,835 2,804 2,653 Total liabilities 2,983 Total shareholders equity 3,099 $32,991 Total liabilities and shareholders' equity $35,386 2019 $3,403 $3,403 $ 13,633 3,057 $ 20,091 15,293 $35,386 2018 $367 3,14) $ 3,510 $12,134 2,957 $10,601 14,390 $32,991 10 po 11 7 Intangible assets (goodwill) other long-tere assets Total assets In 2019 Quick Burger had capital expenditures of $3,049. e. Calculate Quick Burger's free cash flow in 2019. (Enter your answer in millions.) Additional tax s 7,055 milion Fie cash 2,804 2,983 $35,386 2,653 Total liabilities 3,099 Total shareholders' equity $32,991 Total liabilities and shareholders' equilty b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places) S 1.340 22 ton $18,601 120,091 15,391 14,390 $35,386 $12,991 c. What would the company's free cash flow have been if it was all-equity financed? (Enter your answer in millions.) Check my work