Below is a snapshot of the financials for McDonald's Corporation for the year ending December 31, 2023:
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Question:
Below is a snapshot of the financials for McDonald's Corporation for the year ending December 31, 2023:
Income Statement:
Total Revenue: $2,600,000
Cost of Goods Sold: $1,800,000
Operating Expenses: $800,000
Income Tax: $80,000
Net Income: $20,000
Balance Sheet:
Cash and Equivalents: $260,000
Receivables: $400,000
Inventory: $450,000
Fixed Assets: $900,000
Current Liabilities: $450,000
Long-term Debt: $500,000
Equity: $1,060,000
Determine the current ratio.
Calculate the return on equity (ROE).
Find the inventory turnover ratio.
Compute the net profit margin.
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
8th edition
Authors: Hilton Murray, Herauf Darrell
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