The following data are based on information in the 2018 annual report of YUM! Brands, Inc. YUM!

Question:

The following data are based on information in the 2018 annual report of YUM! Brands, Inc. YUM! Brands is the parent company of KFC, Pizza Hut, and Taco Bell. As of December 31, 2018, the parent company owned or franchised over 48,000 restaurants in 140 countries. Dollar amounts are in millions.

Required
a. Calculate the company’s net change in cash for 2017 and 2018.
b. Calculate the company’s ending cash balance for 2017 and 2018.
c. Notice that cash flows from investing activities were positive for each year. Do you think this represents something positive or negative about the company? Explain your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: