Question 1

Answer the following question using the McDonald'sConsolidated Balance Sheet below:

Question:What is the par value of the common stock?

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Consolidated Balance Sheet

In Millions, except per sharedata

12/31/16

12/31/15

ASSETS

Current assets

Cash and equivalents

$ 1,223.4

$ 7,685.5

Accounts and notes receivable

1,474.1

1,298.7

Inventories, at cost, not in excess of market

58.9

100.1

Prepaid expenses and other current assets

565.2

558.7

Assets of businesses held for sale

1,527.0

Total current assets

Other assets4,848.6

9,643.0

Investments in and advances to affiliates

725.9

792.7

Goodwill

2,336.5

2,516.3

Miscellaneous

1,855.3

1,869.1

Total other assets

Property and equipment

4,917.7

5,178.1

Property and equipment, at cost

34,443.4

37,692.4

Accumulated depreciation and amortization

(13,185.8)

(14,574.8)

Net property and equipment

21,257.6

23,117.6

Total assets

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

$ 31,023.9

$ 37,938.7

Accounts payable

$756.0

$874.7

Income taxes

267.2

154.8

Other taxes

266.3

309.0

Accrued interest

247.5

233.1

Accrued payroll and other liabilities

1,159.3

1,378.8

Current maturities of long-term debt

77.2

Liabilities of businesses held for sale

694.8

Total current liabilities

3,468.3

2,950.4

Long-term debt

25,878.5

24,122.1

Other long-term liabilities

2,064.3

2,074.0

Deferred income taxes

Shareholders' equity (deficit)

1,817.1

1,704.3

Preferred stock, no par value; authorized - 165.0 million shares; issued - none

Common stock, $.01 par value; authorized - 3.5 billion shares; issued - 1,660.6 million shares

16.6

16.6

Additional paid-in capital

6,757.9

6,533.4

Retained earnings

46,222.7

44,594.5

Accumulated other comprehensive income

(3,092.9)

(2,879.8)

Common stock in treasury, at cost; 841.3 and 753.8 million shares

(52,108.6)

(41,176.8)

Total shareholders' equity (deficit)

(2,204.3)

7,087.9

Total liabilities and shareholders' equity (deficit)

$ 31,023.9

$ 37,938.7

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no par value

$165

$3.50

$0.01