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help filling in this chart based on the considilated statement of income. 18 Fast food restaurants have been under pressure to increase pay to over

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18 Fast food restaurants have been under pressure to increase pay to over $10/hour. What would be the impact on raising Payroll and benefit cost 25%? 19 20 Net Income $5.585.90 $5,464.80 5,503.1 21 Increase in Payroll & Benefits 1,151.6 22 Adjusted Net income 4,351.5 20.93% 23 % Decrease in net income 6 Consolidated Statement of Income In millions, exept per share data Years ended December 31, 2013 2012 2011 REVENUES Sales by Company operated restaurants $ 18,874.2 $ 18,6025 $ 18,2928 Revenues from tranchised restaurants 9.231.5 899645 8.713.2 Total revenues 28,105.7 275670 270060 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper 6,361.3 6,318.2 6,1672 Payroll & employee benefits 4,824.1 4.710.3 4 606.3 Occupancy & other operating expenses 4,393.2 4.1952 4,064.4 Franchised restaurants occupancy expenses 1.624.4 1,527.0 1.481,5 Seling, general & administrative expenses 2,385.6 2,455.2 2,393.7 Other operating income) expense net 2472) (2435) (2368) Total operating costs and expenses 19,341.4 18.9624 18.478.3 Operating income 8,764.3 B 6046 8,529.7 Interest expense-net of capitalized interest of $155, $15.9 and $14.0 516.6 4928 Monoperating (income) expense.net 37.9 90 247 Income before provision for income taxes 8.204,5 8,079.0 8,0122 Provision for income taxes 2.818.6 Met income 2.6142 2.509.1 $5,585.9 55.464.8 $955031 Eamings per common share-basic $ 5.59 $ 5.41 $ Eamings per common share-diluted 5:33 $ 5.55 Dividends declared per common share 5 5.36 $ 527 $ 3.2 $ Weighted average shares outstanding-basic 287 $ 2.53 Weighted average shares outstanding diluted 998.4 1,010.1 1,0321 1.006.0 10202 10449 See to consolide francaments 7 521.9 8 9 10 11

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