Financial Data for McDonald's Corporation for 2023:

Income Statement Data (in billions):

• Revenue: $21.08
• Cost of Goods Sold: $10.32
• Selling, General and Administrative: $5.65
• Research and Development: $0.67
• Interest Expense: $0.82
• Tax Rate: 25%

Requirements:

1. Create the Income Statement for McDonald's Corporation for 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Compute the Net Income after taxes.
5. Analyze McDonald's profit margin ratio.