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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures

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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities 2,336 2,336 Debt due for repayment 1.375 1.335 Accounts payable 122 117 Total current liabilities 616 4,922 Long-term debt 24,677 22,835 Other long-term liabilities 2,804 2,653 Total liabilities 2,983 3,099 Total shareholders' equity 35,386 32,991 Total liabilities and shareholders' equity 1,089 Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets 4,404 13,633 3,057 20,093 15,293 35,386 12,134 2.957 18,601 14,390 32,991 In 2016 Quick Burger had capital expenditures of $3,049, a. Calculate Quick Burger's free cash flow in 2016. (Enter your answer in millions.) 30 of 32 Next > Next >

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