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Attached are the Balance Sheet and Statement of Cash Flows from the 2016 10-K filing of McDonalds Corporation. Unless otherwise indicated, enter your answers below
Attached are the Balance Sheet and Statement of Cash Flows from the 2016 10-K filing of McDonalds Corporation. Unless otherwise indicated, enter your answers below in millions of dollars to one decimal point, as shown on the statement, without dollar signs. Do not enter negative numbers; all questions ask for dollar amounts.
2016 Annual Report - McDonalds.pdf
- What was McDonalds Net income for the year ended Dec. 31, 2016?
- How much depreciation and amortization expense did McDonalds report for the year ended Dec. 31, 2015?
- How much cash did McDonalds generate from operations for the year ended Dec. 31, 2014?
- How much cash did McDonalds use to purchase restaurant businesses in the year ended Dec. 31, 2016?
- How much cash did McDonalds obtain from selling property in the year ended Dec. 31, 2015?
- How much cash did McDonalds use to purchase Treasury stock in the year ended Dec. 31, 2014?
- How much cash did McDonalds obtain from issuing long-term debt in the year ended Dec. 31, 2016?
- In computing cash provided by operations for the year ended Dec. 31,2016, McDonalds subtracted 159.0 million from net income due to accounts receivable. Does this subtraction suggest that (A) sales on account during the year were greater than cash collections from customers, or (B) cash collections from customers were greater than sales on account? Enter A or B.
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