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Consider the following balance sheet and income statement for Mmm Good Foods Inc. (the company that operates Tasty Fried Chicken and Pizza Party), in condensed

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Consider the following balance sheet and income statement for Mmm Good Foods Inc. (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions)

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Mmm Good Foods Inc. Balance Sheet 2016 Cash and short-term Investments S 722 Accounts receivable 388 Inventory 54 Other current assets 462 Long-lived assets 4, 104 Total assets 5,730 Current liabilities 1, 459 Total liabilities 11, 170 Noncontrolling interest Shareholders' equity (-5,440) Total liabilities and equity S 5,730 Income Statement Sales S 6,546 Cost of sales 3,588 Gross margin 2,958 Earnings before interest and taxes S 1, 643 Interest 325 Taxes 342 Income from discontinued operations 607 Net income 1,583 Share price S 81 Earnings per share 5.91 Number of outstanding shares (millions) 356.8 Cash Flows Cash flow from operations S 1, 222 Capital expenditures 404 Dividends 784

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