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The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. In 2012 McDonald's had capital expenditures of $3,054. a.
The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. In 2012 McDonald's had capital expenditures of $3,054. a. Calculate McDonald's free cash flow in 2012. (Enter your answer in millions.) If McDonald's was financed entirely by equity, how much more tax would the b. company have paid? (Assume a tax rate of 35% on the revised pretax income.) (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.)
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