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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 70
Access the February 24, 2014, filing of the December 31, 2013, annual 10-K report of McDonald's Corporation (Ticker: MCD), which is available from www.SEC.gov.
Required
1. Identify the current liabilities on McDonald's balance sheet as of December 31, 2013.
2. What portion (in percent) of McDonald's long-term debt matures within the next 12 months
3. Use the consolidated statement of income for the year ended December 31, 2013, to compute
McDonald's times interest earned ratio. Comment on the result. Assume an industry average of 15.0.
Required
1. Identify the current liabilities on McDonald's balance sheet as of December 31, 2013.
2. What portion (in percent) of McDonald's long-term debt matures within the next 12 months
3. Use the consolidated statement of income for the year ended December 31, 2013, to compute
McDonald's times interest earned ratio. Comment on the result. Assume an industry average of 15.0.
Explanation
Verified
Verified
Current Liabilities
Liabilities represe...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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