Company: McDonald's CorporationItemAmount (in millions)Cash and Cash Equivalents$4,500Accounts Receivable$1,200Inventory$100Total Current Assets$9,800Property, Plant, Equipment$38,000Total Assets$50,000Accounts Payable$1,600Short-term...
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Accounting
Company: McDonald's Corporation
Item | Amount (in millions) |
Cash and Cash Equivalents | $4,500 |
Accounts Receivable | $1,200 |
Inventory | $100 |
Total Current Assets | $9,800 |
Property, Plant, Equipment | $38,000 |
Total Assets | $50,000 |
Accounts Payable | $1,600 |
Short-term Debt | $2,000 |
Total Current Liabilities | $10,200 |
Long-term Debt | $25,000 |
Total Liabilities | $38,800 |
Total Equity | $11,200 |
Questions:
- Calculate McDonald's current ratio.
- Determine McDonald's quick ratio (acid-test ratio).
- What is McDonald’s debt to equity ratio?
- Compute the working capital of McDonald's.
- If McDonald's had net sales of $23,223 million and cost of goods sold of $10,840 million, what is the inventory turnover ratio?
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