Question: McDonald s Corporation is a well known fast food restaurant company The following

McDonald’s Corporation is a well-known fast-food restaurant company. The following data are from its 2011 annual report ($ in millions):

1. Prepare the following for the year ended December 31, 2011:
a. Income statement. Label the final three lines of the income statement as follows: income before provision for income taxes, provision for income taxes, and net income.
b. The retained earnings column of the statement of stockholders’ equity.
2. Comment briefly on the relative size of the cash dividend.
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  • CreatedFebruary 20, 2015
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