EDGAR: McDonald's Corporation $($ticker: MCD$)$

Visit

www$.$sec$.$gov$/$edgar and search for the McDonald's annual report $(10-$K$)$ for the year ended December $31,2019,$ using EDGAR $($Electronic Data Gathering, Analysis, and Retrieval system$).$ Search or scroll within the annual report to find the financial statements, typically found in Item $8$ of the $10-K.$

Required:

Determine the following from the company's financial statements:

Do the company's revenues exceed expenses? What is the amount of net income?

Did net income increase in the most recent year compared to the previous year?

Which assets are listed as current assets? Why are the other assets not listed as current assets?

Which liabilities are listed as current liabilities? Why are the other liabilities not listed as current liabilities?

By how much did retained earnings increase$/$decrease in the most recent year compared to the previous year?

What is the amount of dividends paid to common stockholders? This information can be found in the statement of shareholders' equity or the statement of cash flows.

Does the change in retained earnings $($from requirement $5)$ equal net income $($requirement $1)$ minus dividends $($requirement $6)?$

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$ Req $3$A and $4$A Req $3B$ and $4B$ Req $5$ to $7$

$1$a$.$ Do the company's revenues exceed expenses?

$1$ b$.$ What is the amount of net income?

$2.$ Did net income increase in the most recent year compared to the previous year?

Note: Enter your answer in millions rounded to $1$ decimal place $($i$.$e$.,3,300,000$ should be entered as $3\mathrm{.}3).$

$\backslash$table$[[1$a$.$ Do the company's revenues exceed expenses?$],[1$b$.$ Net income$],[2.$ Did net income increase in the most recent year compared to the previous year?$]]$

Req $1$ and $2$ Req $3$A and $4$A Req $3B$ and $4B$ Req $5$ to $7$

$5.$ By how much did retained earnings increase$/$decrease in the most recent year compared to the previous year? $6.$ What is the amount of dividends paid to common stockholders? This information can be found in the statement of shareholders' equity or the statement of cash flows.

$7.$ Does the change in retained earnings $($from requirement $5)$ equal net income $($requirement $1)$ minus dividends $($requirement $6)?$

Note: Enter your answer in millions rounded to $1$ decimal place $($i$.$e$.,3,300,000$ should be entered as $3\mathrm{.}3).$

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$3$A$.$ Which assets are listed as current assets?

$4$A$.$ Which liabilities are listed as current liabilities?

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