The following table shows an abbreviated income statement and
balance sheet for Quick Burger Corporation for...
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
$
27,584
Costs
17,586
Depreciation
1,419
Earnings before interest and taxes (EBIT)
$
8,579
Interest expense
534
Pretax income
8,045
Taxes
2,816
Net income
$
5,229
BALANCE SHEET OF QUICK BURGER CORP., 2016
(Figures in $ millions)
Assets
2016
2015
Liabilities and
Shareholders' Equity
2016
2015
Current assets
Current liabilities...
The following table shows an abbreviated income statement and
balance sheet for McDonald's Corporation for 2012....
The following table shows an abbreviated income statement and
balance sheet for McDonald's Corporation for 2012.
INCOME STATEMENT OF MCDONALD’S CORP., 2012
(Figures in $ millions)
Net sales
27,572
Costs
17,574
Depreciation
1,407
Earnings before interest and taxes (EBIT)
8,591
Interest expense
522
Pretax income
8,069
Taxes
2,624
Net income
5,445
BALANCE SHEET OF
MCDONALD’S CORP., 2012
(Figures in $
millions)
Assets
2012
2011
Liabilities and Shareholders' equity
2012
2011
Current assets
Current liabilities
Cash and marketable securities
2,341
2,341...
3. Using the income statement and balance sheet examples
provided in the chapter, calculate the return...
3. Using the income statement and balance sheet examples
provided in the chapter, calculate the return on capital in
2013.
Table 3–1 Hospital Income Statement
ABC Hospital
Income Statement
August 31, 2013
Inpatient revenue
$1,500,300,000
Outpatient revenue
$430,320,200
Total patient revenue
$1,930,620,200
Deductions, discounts, and allowances
($1,000,000,000)
Net patient revenues
$930,620,200
Total operating expenses
($830,220,200)
Operating income
$100,400,000
Other income (donations, contributions, gifts)
$5,200,500
Income from investments
$15,000,500
Government appropriations
$0
Auxiliary and nonpatient revenue
$3,000,000
Total nonpatient revenue
$23,201,000...
Rome Deposit, Inc. has the following balance sheet and income
statement.
Income
Statement ($ millions)
Balance...
Rome Deposit, Inc. has the following balance sheet and income
statement.
Income
Statement ($ millions)
Balance
Sheet ($ millions)
Net sales
$
5,800.00
Assets
Expenses
2,700.00
Current assets
$
6,000.00
Depreciation
1,150.00
Net fixed assets
8,700.00
Taxable income
$
1,950.00
Total assets
$
14,700.00
Interest expense
970.00
Taxable income
$
980.00
Liabilities & Owner's Equity
Taxes (35%)
343.00
Current liabilities
$
1,200.00
Net income
$
637.00
Long-term debt
5,400.00
Owner's equity
8,100.00
Total liabilities and equity
$
14,700.00
a. What...
3. Using the income statement and balance sheet examples
provided in the chapter, calculate the return...
3. Using the income statement and balance sheet examples
provided in the chapter, calculate the return on capital in
2013.
Table 3–1 Hospital Income Statement
ABC Hospital
Income Statement
August 31, 2013
Inpatient revenue
$1,500,300,000
Outpatient revenue
$430,320,200
Total patient revenue
$1,930,620,200
Deductions, discounts, and allowances
($1,000,000,000)
Net patient revenues
$930,620,200
Total operating expenses
($830,220,200)
Operating income
$100,400,000
Other income (donations, contributions, gifts)
$5,200,500
Income from investments
$15,000,500
Government appropriations
$0
Auxiliary and nonpatient revenue
$3,000,000
Total nonpatient revenue
$23,201,000...
Constructing and Analyzing Balance Sheet Amounts from Incomplete
Data Selected balance sheet amounts for 3M Company,...
Constructing and Analyzing Balance Sheet Amounts from Incomplete
Data Selected balance sheet amounts for 3M Company, a manufacturer
of consumer and business products, for three recent years
follow.
$ millions Current Assets Long-Term Assets Total Assets Current
Liabilities Long-Term Liabilities Total Liabilities Stockholders’
Equity*
2013 $12,733 $ $33,550 $ ? $ 8,104 $15,602 $17,948
2014 12,303 18,906 ? 5,964 12,103 ? 13,142
2015 ? 21,732 32,718 7,118 13,853 20,971 ?
a. Compute the missing balance sheet amounts for each of...
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2016
and 2017 is...
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2016
and 2017 is as follows:
2016
2017
Total shareholders' equity
$ (a)
$100,700
Accumulated other comprehensive income
4,800
5,000
Current liabilities
(b)
9,800
Intangible assets
12,600
12,000
Property, plant, and equipment (net)
(c)
87,500
Current assets
21,000
(h)
Total contributed capital
51,000
(i)
Long-term liabilities
(d)
30,200
Retained earnings
42,900
(j)
Total assets
(e)
(k)
Common stock, $10 par
(f)
(l)
Working capital
9,900
10,200
Additional paid-in...
Operating Section of Statement of Cash Flows (Indirect
Method)
Following are the income statement and balance...
Operating Section of Statement of Cash Flows (Indirect
Method)
Following are the income statement and balance sheet for Nike Inc.
for the year ended May 31, 2016, and a forecasted income statement
and balance sheet for 2017.
Nike Inc.
Income Statement
For Year Ended May 31
$ millions
2016 actual
2017 Est.
Revenues
$ 32,376
$ 34,319
Cost of sales
17,405
18,464
Gross profit
14,971
15,855
Demand creation expense
3,278
3,466
Operating overhead expense
7,191
7,619
Total selling and administrative...