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Company: McDonald's CorporationItemAmount (in millions)Cash and Cash Equivalents$4,500Accounts Receivable$1,200Inventory$100Total Current Assets$9,800Property, Plant, Equipment$38,000Total Assets$50,000Accounts Payable$1,600Short-term...

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Question

Accounting

Company: McDonald's Corporation

Item

Amount (in millions)

Cash and Cash Equivalents

$4,500

Accounts Receivable

$1,200

Inventory

$100

Total Current Assets

$9,800

Property, Plant, Equipment

$38,000

Total Assets

$50,000

Accounts Payable

$1,600

Short-term Debt

$2,000

Total Current Liabilities

$10,200

Long-term Debt

$25,000

Total Liabilities

$38,800

Total Equity

$11,200

Questions:

  1. Calculate McDonald's current ratio.
  2. Determine McDonald's quick ratio (acid-test ratio).
  3. What is McDonald’s debt to equity ratio?
  4. Compute the working capital of McDonald's.
  5. If McDonald's had net sales of $23,223 million and cost of goods sold of $10,840 million, what is the inventory turnover ratio?

Answer & Explanation Solved by verified expert
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