Access the March 1, 2017, filing of the December 31, 2016, annual 10-K report of McDonalds Corporation(ticker:
Question:
Access the March 1, 2017, filing of the December 31, 2016, annual 10-K report of McDonald’s Corporation(ticker: MCD), which is available from SEC.gov.
Required
1. Identify the current liabilities on McDonald’s balance sheet as of December 31, 2016.
2. Use the consolidated statement of income for the year ended December 31, 2016, to compute McDonald’s times interest earned ratio. Comment on the result. Assume an industry average of 5.0.
Balance SheetBalance 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...
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1 McDonalds current liabilities include the following Accou...View the full answer
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