Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions 12 Months Ended Dec. 31, 2017 Dec. 31, 2016 Dec. 31, 2015

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions 12 Months Ended
Dec. 31, 2017 Dec. 31, 2016 Dec. 31, 2015
REVENUES
Sales by Company-operated restaurants $ 12,718.9 $ 15,295 $ 16,488.3
Revenues from franchised restaurants 10,101.5 9,326.9 8,924.7
Total revenues 22,820.4 24,621.9 25,413
OPERATING COSTS AND EXPENSES
Food & paper 4,033.5 4,896.9 5,552.2
Payroll & employee benefits 3,528.5 4,134.2 4,400
Occupancy & other operating expenses 2,847.6 3,667.7 4,024.7
Franchised restaurants-occupancy expenses 1,790 1,718.4 1,646.9
Selling, general & administrative expenses 2,231.3 2,384.5 2,434.3
Other operating (income) expense, net (1,163.2) 75.7 209.4
Total operating costs and expenses 13,267.7 16,877.4 18,267.5
Operating income 9,552.7 7,744.5 7,145.5
Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 921.3 884.8 638.3
Nonoperating (income) expense, net 57.9 (6.3) (48.5)
Income before provision for income taxes 8,573.5 6,866 6,555.7
Provision for income taxes 3,381.2 2,179.5 2,026.4
Net income $ 5,192.3 $ 4,686.5 $ 4,529.3
Earnings per common sharebasic $ 6.43 $ 5.49 $ 4.82
Earnings per common sharediluted 6.37 5.44 4.80
Dividends declared per common share $ 3.83 $ 3.61 $ 3.44
Weighted-average shares outstandingbasic 807.4 854.4 939.4
Weighted-average shares outstandingdiluted 815.5 861.2 944.6

Calculate the following ratios: ROE, ROA, RNOA, Turnover ratios for Cash, A/R, Inventory, and A/P Current Ratio, Quick Ratio, Debt to Equity Ratio and Z-score

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automotive Process Audits Preparations And Tools Practical Quality Of The Future

Authors: D. H. Stamatis

1st Edition

036775939X, 978-0367759391

More Books

Students also viewed these Accounting questions