Since 2014 McDonalds has been converting restaurants it owned and operated to franchises. This has dramatically changed McDonalds' financials. Also since 2014 McDonalds has been repurchasing shares, driving its Common Equity negative. For each of the following accounts select in column F whether the measure has 'increased' or 'decreased' from 2014 to date. For each of the following accounts select in column H the cause of the change in column F: Franchising - the change resulted from McDonald's conversion of company operated restaurants to third-party franchises Share Repurchases - the change resulted from McDonald's aggressive repurchasing of shares Neither - the change resulted from neither franchising of company operated restaurants nor share repurchases Both - the change resulted from both franchising of company operated restaurants and share repurchases Revenues Gross Margin Interest Expense Tax Rate Net Income Shares Outstanding Earnings Per Share (EPS) Non-GAAP Net Inc to Common Adjust Cash Accounts Receivable Inventories Property, Plant & Equipment (PP&E) Excess Cash Debt SHEET ROADMAP This is Required Homework Since 2014 McDonalds has been converting restaurants it owned and operated to franchises. This has dramatically changed McDonalds' financials. Also since 2014 McDonalds has been repurchasing shares, driving its Common Equity negative. For each of the following accounts select in column F whether the measure has 'increased' or 'decreased' from 2014 to date. For each of the following accounts select in column H the cause of the change in column F: Franchising - the change resulted from McDonald's conversion of company operated restaurants to third-party franchises Share Repurchases - the change resulted from McDonald's aggressive repurchasing of shares Neither - the change resulted from neither franchising of company operated restaurants nor share repurchases Both - the change resulted from both franchising of company operated restaurants and share repurchases Revenues Gross Margin Interest Expense Tax Rate Net Income Shares Outstanding Earnings Per Share (EPS) Non-GAAP Net Inc to Common Adjust Cash Accounts Receivable Inventories Property, Plant & Equipment (PP&E) Excess Cash Debt Increased Declined Since 2014 McDonalds has been converting restaurants it owned and operated to franchises. This has dramatically changed McDonalds' financials. Also since 2014 McDonalds has been repurchasing shares, driving its Common Equity negative. For each of the following accounts select in column F whether the measure has 'increased' or 'decreased' from 2014 to date. 3 For each of the following accounts select in column H the cause of the change in column F: 5 5 7 B Franchising - the change resulted from McDonald's conversion of company operated restaurants to third-party franchises Share Repurchases - the change resulted from McDonald's aggressive repurchasing of shares Neither - the change resulted from neither franchising of company operated restaurants nor share repurchases Both - the change resulted from both franchising of company operated restaurants and share repurchases , 1 Revenues Gross Margin Interest Expense 2 Tax Rate 1 5 5 7 3. 9 Net Income Shares Outstanding Earnings Per Share (EPS) Non-GAAP Net Inc to Common Adjust Cash Accounts Receivable Inventories , 1 Property, Plant & Equipment (PP&E) Excess Cash 2 3. 1 5 7 Debt Franchising Share Repurchases Neither Both Be careful on Property, Plant & Equipment (PP&E). There was an accounting change in 2019 that shifted what had been "off balance sheet" accounts to the balance sheet. The increase in reported PP&E is result of that change and not true CAPEX. Analyzing anomolous data is another example of Data Integrity