Access the February 26, 2010, filing of the December 31, 2009, annual 10-K report of McDonalds Corporation

Question:

Access the February 26, 2010, filing of the December 31, 2009, annual 10-K report of McDonald’s (Ticker: MCD), which is available from www.sec.gov.

Required
1. Identify the current liabilities on McDonald’s as of December 31, 2009.
2. What portion (in percent) of McDonald’s long-term debt matures within the next 12 months?
3. Use the consolidated statement of income for the year ended December 31, 2009, to compute McDonald’s times interest earned ratio. Comment on the result. Assume an industry average of 12.0.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...