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Here s the correct order and amounts for * * Question 1 * * of the McDonald s income statement: 1 . * * Revenue
Heres the correct order and amounts for Question of the McDonalds income statement:
Revenue: $ billion
Cost of Revenue: $ billion
Gross Profit: $ billion
SGA Expense: $ billion
Depreciation Expense: $ billion
Other Operating Expense: $ billion
Operating Income: $ billion
Interest Expense: $ billion
Pretax Income: $ billion
Tax Provision: $ billion
Net Income: $ billion
These values reflect the correct order with negative values for expenses.
Assets:
Cash and Equivalents: $ billion
Receivables: $ billion
Other Current Assets: $ billion
Plant and Equipment: $ billion
Other NonCurrent Assets: $ billion
Total Assets: $ billion
### Liabilities and Equity:
Current Liabilities: $ billion
Total NonCurrent Liabilities: $ billion
Owners Equity: $ billion
Total Liabilities and Equity: $ billion
This ensures the balance sheet matches on both sides.
Based on the numbers above, calculate Total Asset Turnover for McDonalds and then compare that to actual Total Asset Turnover for Yum Brands, owners of Kentucky Fried Chicken, Taco Bell, Pizza Hut, and The Habit Burger. Youll need to go online to get the information for Yum. Report the two numbers and then provide a brief executive summary outlining your finding and a possible explanation for any difference.
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