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Cruzroll company Statement of income Please calculate for 2020 & 2019, thank you. Also show work please. Times interest earned = EBIT/Interest Cash Coverage =
Cruzroll company Statement of income
Please calculate for 2020 & 2019, thank you. Also show work please.
Times interest earned = EBIT/Interest
Cash Coverage = (EBIT + Depreciation) / Interest
2019 $ 898.5 2.224.2 50.2 385.0 3.557.9 1,270.3 2,677.4 2.584.0 6.531.7 13,261.2 39,050.9 (14.890.9) 24,160.0 $ 47,510.8 Consolidated Balance Sheet In millions, except per share data December 31, 2020 ASSETS Current assets Cash and equivalents $ 3,449.1 Accounts and notes receivable 2,110.3 Inventories, at cost, not in excess of market 51.1 Prepaid expenses and other current assets 632.7 Total current assets 6,243.2 Other assets Investments in and advances to affiliates 1,297.2 Goodwill 2,773.1 Miscellaneous 3,527.4 Total other assets 7,597.7 Lease right-of-use asset, net 13,827.7 Property and equipment Property and equipment, at cost 41,476.5 Accumulated depreciation and amortization (16,518.3) Net property and equipment 24,958.2 Total assets $ 52,626.8 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 741.3 Lease liability 701.5 Income taxes 741.1 Other taxes 227.0 Accrued interest 388.4 Accrued payroll and other liabilities 1,138.3 Current maturities of long-term debt 2.243.6 Total current liabilities 6,181.2 Long-term debt 35,196.8 Long-term lease liability 13,321.3 Long-term income taxes 1,970.7 Deferred revenues - initial franchise fees 702.0 Other long-term liabilities 1,054.1 Deferred income taxes 2,025.6 Shareholders' equity (deficit) Preferred stock, no par value; authorized - 165.0 million shares; issued - none Common stock, $.01 par value; authorized 3.5 billion shares; issued - 1,660.6 million shares 16.6 Additional paid-in capital 7,903.6 Retained earnings 53,908.1 Accumulated other comprehensive income (loss) (2,586.8) Common stock in treasury, at cost: 915.2 and 914.3 million shares (67,066.4 Total shareholders' equity (deficit) (7,824.9) Total liabilities and shareholders' equity (deficit) $ 52,626.8 $ 988.2 621.0 331.7 247.5 337.8 1,035.7 59.1 3.621.0 34,118.1 12,757.8 2,265.9 660.6 979.6 1,318.1 16.6 7,653.9 52,930.5 (2,482.7) (66,328.6) (8.210.3) $ 47,510.8 2018 $ 10,012.7 11,012.5 232.7 21,257.9 3,153.8 2,937.9 2,174.2 1,973.3 186.1 Consolidated Statement of Income In millions, except per share data Years ended December 31, 2020 2019 REVENUES Sales by Company-operated restaurants $ 8,139.2 $ 9,420.8 Revenues from franchised restaurants 10,726.1 11,655.7 Other revenues 342.5 287.9 Total revenues 19,207.8 21,364.4 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper 2,564.2 2,980.3 Payroll & employee benefits 2,416.4 2,704.4 Occupancy & other operating expenses 2,000.6 2,075.9 Franchised restaurants-occupancy expenses 2,207.5 2,200.6 Other restaurant expenses 267.0 223.8 Selling, general & administrative expenses Depreciation and amortization 300.6 262.5 Other 2,245.0 1,966.9 Other operating (income) expense, net (117.5) (119.8) Total operating costs and expenses 11,883.8 12,294.6 Operating income 7,324.0 9,069.8 Interest expense-net of capitalized interest of $6.0, $7.4 and $5.6 1,218.1 1,121.9 Nonoperating (income) expense, net (34.8) (70.2) Income before provision for income taxes 6,140.7 8,018.1 Provision for income taxes 1,410.2 1,992.7 Net income $ 4,730.5 $ 6,025.4 Earnings per common share-basic $ 6.35 $ 7.95 Earnings per common share-diluted $ 6.31 $ 7.88 Dividends declared per common share $ 5.04 $ 4.73 Weighted average shares outstanding-basic 744.6 758.1 Weighted average shares outstanding-diluted 750.1 764.9 214.8 1,985.4 (190.2) 12,435.3 8,822.6 981.2 25.3 7,816.1 1,891.8 $ 5,924.3 $ 7.61 $ 7.54 $ 4.19 778.2 785.6 See Notes to consolidated financial statementsStep by Step Solution
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