Research Assignment Finding real-world accounting information The Curious Accountant story at the beginning of this chapter referred to McDonald’s Corporation and discussed who its stakeholders are. This chapter introduced the basic four financial statements companies use annually to keep their stakeholders informed of their accomplishments and financial situation. Complete the requirements below using the 2003 financial statements available on the McDonald’s website. Obtain the statements on the Internet by following the steps below. (The formatting of the company’s website may have changed since these instructions were written.)

1. Go to www.mcdonalds.com.

2. Click on the “Corporate” link at the bottom of the page. (Most companies have a link titled “in¬ vestor relations” that leads to their financial statements; McDonald’s uses “corporate” instead.)

3. Click on the “INVESTORS” link at the top of the page.
4. Click on “Publications ” and then on “Annual Report Archives.”
5. Click on “McDonald’s 2003 Annual Report ” and then on “2003 Financial Report.”
6. Go to the company’s financial statements on pages 17 through 20 of the annual report.

Required:-

a. What was the company’s net income in 2003, 2002, and 2001?

b. What amount of total assets did the company have at the end of 2003?

c. How much retained earnings did the company have at the end of 2003?

d. For 2003, what was the company’s cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities?