Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mcdonald's corporation provided the following fina

McDonald's Corporation provided the following financial information for the fiscal year ending December 31, 2023:...

50.1K

Verified Solution

Question

Accounting

McDonald's Corporation provided the following financial information for the fiscal year ending December 31, 2023: Total Revenue of $45,560 million, Operating Expenses of $29,820 million, and Net Income of $10,050 million. The company’s total assets were $58,970 million, and total equity was $23,890 million.

Questions:

  1. Calculate McDonald's operating profit margin.
  2. Compute McDonald's net profit margin.
  3. Calculate the return on assets (ROA) for McDonald's.
  4. Compute the return on equity (ROE) for McDonald's.
  5. If McDonald's total liabilities were $35,080 million, what is the debt to equity ratio?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

PROBLEM: The average hourly wage of carpenters is normally distributed with a population mean of $62.00 and...

Basic Math
Q

Assess the development and performance of the Financial System in Mauritius?

Finance
Q

When adding or subtracting fractions with different denominators each fraction s denominator must be converted...

Basic Math
Q

Convert 4 32 to 432 10 3 4 32 10 6 4 32 10 3...

Basic Math
Q

You interview a random sample of 50 adults The results of the survey show that...

Statistics
Q

Stephanie Vega Martinez Attempt 1 Given the following graphs of the two function which statement...

Algebra
Q

MI 200 1 44 14 El 3 0 9 C 0 3 2

Algebra
Q

Then the sum of the two matrices A and B is defined as a matrix...

Algebra
Q

can someone please help on this? On May 1,2025, Oriole Company...

Accounting
Q

In an EOQ problem, suppose that the optimal order quantity is 100 units. If the...

Accounting
Q

An investment offers $6,500 per year for 20 years, with the first payment occurring one...

Finance
Q

The following are the income statement and comparative balance sheets of Clarissa Company: Clarissa Company...

Accounting