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McDonald's Corporation has provided you with the following details for the year 2023: revenue $15,000,000, cost of goods sold $9,000,000, operating expenses $4,000,000, interest expense

McDonald's Corporation has provided you with the following details for the year 2023: revenue $15,000,000, cost of goods sold $9,000,000, operating expenses $4,000,000, interest expense $300,000, tax expense $600,000, and dividends paid $500,000. Prepare the income statement, calculate the earnings per share (EPS), and prepare the statement of retained earnings. Discuss the company’s ability to generate profits and distribute dividends.

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