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INCOME STATEMENT OF QUICK BURGER CORPORATION, 2 0 2 2 ( Figures in $ millions ) Net sales $ 2 7 , 5 6 8
INCOME STATEMENT OF QUICK BURGER CORPORATION, Figures in $ millions Net sales $ Costs Depreciation Earnings before interest and taxes EBIT $ Interest expense Pretax income Federal taxes @ Net income $ BALANCE SHEET OF QUICK BURGER CORPORATION, Figures in $ millions Assets Liabilities and Shareholders' Equity Current assets Current liabilities Cash and marketable securities $ $ Debt due for repayment $ Receivables Accounts payable $ Inventories Total current liabilities $ $ Other current assets Total current assets $ $ Fixed assets Longterm debt $ $ Property, plant, and equipment $ $ Other longterm liabilities Intangible assets goodwill Total liabilities $ $ Other longterm assets Total shareholders equity Total assets $ $ Total liabilities and shareholders equity $ $ In Quick Burger had capital expenditures of $ Calculate Quick Burgers free cash flow in Note: Enter your answer in millions. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? Assume a tax rate of Note: Do not round intermediate calculations. Enter your answer in millions rounded to decimal places. What would the companys free cash flow have been if it was allequity financed? Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number. a Free cash flow million b Additional tax million c Free cash flow million
INCOME STATEMENT OF QUICK BURGER CORPORATION,
Figures in $ millions
Net sales $
Costs
Depreciation
Earnings before interest and taxes EBIT $
Interest expense
Pretax income
Federal taxes @
Net income $
BALANCE SHEET OF QUICK BURGER CORPORATION,
Figures in $ millions
Assets Liabilities and Shareholders' Equity
Current assets Current liabilities
Cash and marketable securities $ $ Debt due for repayment $
Receivables Accounts payable $
Inventories Total current liabilities $ $
Other current assets
Total current assets $ $
Fixed assets Longterm debt $ $
Property, plant, and equipment $ $ Other longterm liabilities
Intangible assets goodwill Total liabilities $ $
Other longterm assets Total shareholders equity
Total assets $ $ Total liabilities and shareholders equity $ $
In Quick Burger had capital expenditures of $
Calculate Quick Burgers free cash flow in
Note: Enter your answer in millions.
If Quick Burger was financed entirely by equity, how much more tax would the company have paid? Assume a tax rate of
Note: Do not round intermediate calculations. Enter your answer in millions rounded to decimal places.
What would the companys free cash flow have been if it was allequity financed?
Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.
a Free cash flow million
b Additional tax million
c Free cash flow million
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