The following accounts, in alphabetical order, are adapted from a recent McDonald's Corporation's balance sheet (amounts are in millions of dollars):

Required:
1. Construct a classified balance sheet (with two years reported) for McDonald's Corporation in good form (assume that the current year ends on December 31, 2011).
2. Compute the company's financial leverage ratio for the current year.
3. In comparison to the ratio for the companies in the restaurant industry (as indicated in the chapter for Papa John's and others), how do you interpret this ratio forMcDonald's?

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Current Prior Year Current Year Year Accounts and Notes S 6,188.6 S4,834.1 686.8 1.293.8 9 Receivable S 609.4 $483.5 Notes Payable (short-term) 621.3 650.6 Notes Receivable due Accounts Payable Accrued Liabilities Cash and Equivalents Contributed Capital Current Maturities of 67.9 538.3 323.5 67.0 299.2 341.4 Other Long-Term Liabilities 574.5 1491.0 608.5 783.3 503.5 after One Year 1065.3 787.8 Other Noncurrent Assets Prepaid Expenses and Long-Term Debt 168.0 335.6 Other Current Assets 973.1 827.5 Property and Equipment. 246.9 16,0416 14,9614 8,458.9 8.144.1 201.0 77.3 70.5 Net Investments in and Advances Retained Earnings to Affiliates (long-term) 854.1 634.8 Taxes Payable 237.7