Question: help filling in this chart based on the considilated statement of income. 18 Fast food restaurants have been under pressure to increase pay to over

18 Fast food restaurants have been under pressure to increase pay to over $10/hour. What would be the impact on raising Payroll and benefit cost 25%? 19 20 Net Income $5.585.90 $5,464.80 5,503.1 21 Increase in Payroll & Benefits 1,151.6 22 Adjusted Net income 4,351.5 20.93% 23 % Decrease in net income 6 Consolidated Statement of Income In millions, exept per share data Years ended December 31, 2013 2012 2011 REVENUES Sales by Company operated restaurants $ 18,874.2 $ 18,6025 $ 18,2928 Revenues from tranchised restaurants 9.231.5 899645 8.713.2 Total revenues 28,105.7 275670 270060 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper 6,361.3 6,318.2 6,1672 Payroll & employee benefits 4,824.1 4.710.3 4 606.3 Occupancy & other operating expenses 4,393.2 4.1952 4,064.4 Franchised restaurants occupancy expenses 1.624.4 1,527.0 1.481,5 Seling, general & administrative expenses 2,385.6 2,455.2 2,393.7 Other operating income) expense net 2472) (2435) (2368) Total operating costs and expenses 19,341.4 18.9624 18.478.3 Operating income 8,764.3 B 6046 8,529.7 Interest expense-net of capitalized interest of $155, $15.9 and $14.0 516.6 4928 Monoperating (income) expense.net 37.9 90 247 Income before provision for income taxes 8.204,5 8,079.0 8,0122 Provision for income taxes 2.818.6 Met income 2.6142 2.509.1 $5,585.9 55.464.8 $955031 Eamings per common share-basic $ 5.59 $ 5.41 $ Eamings per common share-diluted 5:33 $ 5.55 Dividends declared per common share 5 5.36 $ 527 $ 3.2 $ Weighted average shares outstanding-basic 287 $ 2.53 Weighted average shares outstanding diluted 998.4 1,010.1 1,0321 1.006.0 10202 10449 See to consolide francaments 7 521.9 8 9 10 11
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