Use the information in the following table for calendar year 2014 to prepare an income statement for

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Use the information in the following table for calendar year 2014 to prepare an income statement for McDonald's Corporation. Be sure to include entries for operating income and net income.
Revenue from company restaurants..................................$18,169 million
Revenue from franchised restaurants....................................9,272 million
Cost of operating company-owned restaurants.......................15,288 million
Income taxes................................................................2,614 million
Interest expense...............................................................577 million
General and administrative cost..........................................2,507 million
Cost of restaurant leases..................................................1,697 million
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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