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ed k ces The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. INCOME STATEMENT OF QUICK BURGER
ed k ces The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@21%) Net income Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets it 2022 $ 27,569 17,571 1,404 $8,594 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) $ 2,338 1,377 124 1,091 $ 4,930 $24,679 2,806 2,985 57 519 8,075 1,696 $ 6,379 ADD 2021 $ 2,338 1,337 119 618 $ 4,412 $22,837 2,655 3,101
The following table shows an abbreviated income statement and balance sheet for Ouick Burger Corporation for 2022 In 2022 Quick Burger had capital expenditures of $3,051. a. Calculate Quick Burger's free cash flow in 2022 Note: Enter your answer in millions: b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21% ) Note: Do not round intermediate calculations. Enter your onswer in millions rounded to 2 decimal places. c. What would the company's free cash flow have been if it was all-equity financed? Note: Do not round intermediate calculotions. Enter your answer in millions rounded to the neorest whole numberStep by Step Solution
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