F/S Ratios - RESTAURANT BRANDS INTERNATIONAL Stock Symbol: QSR Instructions: Open the financial statements for Restaurant Brands International, stock symbol QSR (the owners of Popeye's \& Burger King) located in Canvas and calculate the financial 1. Net Profit Margin Ratio Formula: Current Year $xxx,xxx Net Profit Margin Ratio = If the previous year was 0.11 , was the current year better or worse? If McDonald's calculation for the same period If McDonald's calculation for the same period was 1.83 days, was QSR better or worse? NYSE Symbol: QSR (In thousands) December 31, 2021 Cash Flows From Operating Activities Net Income Depreciation Amortization 1,253,000 Income taxes - deferred 228,000 Accounts receivable (5,000) Accounts payable and accrued liabilities 8,000 Other Working Capital 149,000 Other Operating Activity 158,000 \begin{tabular}{cr} & (65,000) \\ \hline Operating Cash Flow & 1,726,000 \\ \hline \end{tabular} Cash Flows From Investing Activities PPE Investments (90,000) Net Acquisitions (1,004,000) Sale Of Investment Other Investing Activity Investing Cash Flow 103,000)(9,000) Cash Flows From Financing Activities Change In Short Term Borrowing Debt Issued 1,335,000 Debt Repayment (889,000) Common Stock Issued 60,000 Common Stock Repurchased (551,000) Dividend Paid (974,000) Other Financing Activity (74,000) Financing Cash Flow (1,093,000) Exchange Rate Effect (3,000) Beginning Cash Position 1,560,000 End Cash Position 1,087,000 Net Cash Flow 473,000 Restaurant Brands International Income Statement as of December 31, 2021 NYSE Symbol: QSR (In thousands) If McDonald's calculation for the same period December 31, 2021 December 31, 2020 Assets Current Assets Cash \& Cash Equivalents Receivables Inventories Prepaid Assets Total Current Assets Non-Current Assets: PPE Net Investments And Advances Goodwill \& Intangibles Other Non-Current Assets \begin{tabular}{rr} 1,087,000 & 1,560,000 \\ 547,000 & 536,000 \\ 96,000 & 96,000 \\ 86,000 & 72,000 \\ \hline 1,816,000 & 2,264,000 \end{tabular} Total Assets 3,165,000 2,031,000 80,000 66,000 17,423,000 16,440,000 762,000 1,976,000 22,777,000 Liabilities: Current Liabilities Short Term Debt Accounts payable and accr Provisions, Pension \& Othe Deferred Revenues Total Current Liabilities Non-Current Liabilities Long Term Debt Deferred Revenues Other Non-Current Liabiliti 23,246,000 22,777,000 \begin{tabular}{ccc} Total Non-Current Liabili & 17,515,000 & 17,455,000 \\ \hline Total Liabilities & 19,393,000 & 19,056,000 \\ \hline \end{tabular} Shareholders' Equity Common Shares \begin{tabular}{rr} 236,000 & 111,000 \\ 1,184,000 & 1,109,000 \\ 189,000 & 190,000 \\ 269,000 & 191,000 \\ \hline 1,878,000 & 1,601,000 \end{tabular} Retained earnings Other shareholders' equity 14,319,000 13,479,000 1,942,000 1,425,000 2,551,000 1,254,000 17,455,000 \begin{tabular}{crr} \hline Total Shareholder's Eqi & 906,000 & 700,000 \\ \hline Total Liabilities And Equity & 3,853,000 & 3,721,000 \\ \hline \hline \end{tabular} 5. Quick Ratio Formula: numerator: denominator: Current Year \$xxx, xxx = If McDonald's calculation for the same period was 1.76, was QSR better or worse? 6. A/R Turnover Formula: numerator: denominotor: Average of: begyr endyr A/R Turnover = Current Year Sxxx, xxx Average If the previous year was 9.35 times, was the current year better or worse? 7. Number of Days in Sales Rec'v Current Year 365 $xxx,xx 365