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 s millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Taxes 27,570 17,572 1.405 $8,593 520 8,073 2,620 $ 5,453 Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 2016 2,339 (Figures in millions) 20 15 Liabilities and Shareholders' Equity 2016 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 2015 current liabilities 376 2,339 Debt due for repayment 1,338 Accounts payable 3,406 3,406 3,146 3,522 1,378 125 1,092 4,934 120 Total current liabilities 619 4,416 Long-term debt 13,636 12,137 3,060 2,960 20,10218,619 15,305 14,393 5,407 33,012 Total liabilities and shareholders' equity 35,407 33,012 22,838 Other long-term liabilities 24,680 2,807 2,986 2,656 Total liabilities 3,102 Total shareholders' equity In 2016 Quick Burger had capital expenditures of $3,052 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 s millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Taxes 27,570 17,572 1.405 $8,593 520 8,073 2,620 $ 5,453 Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 2016 2,339 (Figures in millions) 20 15 Liabilities and Shareholders' Equity 2016 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 2015 current liabilities 376 2,339 Debt due for repayment 1,338 Accounts payable 3,406 3,406 3,146 3,522 1,378 125 1,092 4,934 120 Total current liabilities 619 4,416 Long-term debt 13,636 12,137 3,060 2,960 20,10218,619 15,305 14,393 5,407 33,012 Total liabilities and shareholders' equity 35,407 33,012 22,838 Other long-term liabilities 24,680 2,807 2,986 2,656 Total liabilities 3,102 Total shareholders' equity In 2016 Quick Burger had capital expenditures of $3,052