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The following table shows an abbreviated income statement and balance sheet for C INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 Net sales Costs Depreciation

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The following table shows an abbreviated income statement and balance sheet for C INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 Net sales Costs Depreciation (Figures in $ millions) $ 27,577 17,579 1,412 Earnings before interest and taxes (EBIT) $ 8,586 Interest expense 527 Pretax income 8,059 Federal taxes (@ 21%) Net income 1,692 $ 6,367 BALANCE SHEET OF QUICK BURGER CC (Figures in $ millic

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