Please help: The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019
In 2019 Quick Burger had capital expenditures of $3,052.
a. Calculate Quick Burger’s free cash flow in 2019. (Enter your answer in millions.)
b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%.) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
c. What would the company’s free cash flow have been if it was all-equity financed? (Enter your answer in millions.)
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Please help: The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,580 Costs 17,582 Depreciation 1,415 Earnings before interest and taxes (EBIT) $ 8,583 Interest expense 530 Pretax income 8,053 Federal plus other taxes 2,819 Net income $ 5,234 201 2019 2018 $ $ - 3,416 3,416 $ 406 3,156 $ 3,562 Assets Current assets Cash and marketable securities Receivables...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,573 Net sales Costs 17,575 Depreciation Earnings before interest and taxes (EBIT) 1,408 $ 8,590 Interest expense 523 8,067 2,823 Pretax income Federal plus other taxes $ 5,244 Net income BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity 2019 Assets 2019 2018 2018 Current...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
pleasz i need assitance with questions below. The following table shows an abbreviated income statement and...
pleasz i need assitance with questions below.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $27,571 17,573 Costs Depreciation Earnings before interest and taxes (EBIT) $8,592 Interest expense 1,406 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) Assets 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
please i need correcr answers to A and C. The following table shows an abbreviated income...
please i need correcr answers to A and C.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP. , 2016 (Figures in $ millions) Net sales $27,571 17,573 1,406 Earnings before interest and taxes (EBIT) $8,592 Costs Depreciation Interest expense 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Assets 2016 Liabilities and Shareholders'...
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END...
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets Current assets Net fixed assets 2015 2016 Liabilities and Shareholders Equity $ 98 180 Current liabilities 2015 2016 $66 $ 84 640 830 880 980 Long-term debt INCOME STATEMENT, 2016 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 1,990 1,070 390 248 a&b. What is shareholders' equity in 2015 and 2016? (Enter...
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net...
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 98 $ 180 Current liabilities 880 980 Long-term debt 2018 $ 66 640 2019 $ 84 830 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 1,990 Cost of goods sold 1,070 Depreciation Interest expense 390 248 a&b. What is shareholders' equity in 2018 and...
The Bellwood Company is financed entirely with equity. The company is considering a loan of $3.7...
The Bellwood Company is financed entirely with equity. The company is considering a loan of $3.7 million. The loan will be repaid in equal principal installments over the next two years and has an interest rate of 7 percent. The company’s tax rate is 21 percent. According to MM Proposition I with taxes, what would be the increase in the value of the company after the loan? (Do not round intermediate calculations and enter your answer in dollars, not...
Duela Dent is single and had $196,000 in taxable income. Use the rates from Table 2.3....
Duela Dent is single and had $196,000 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) a. Average tax rate b. Marginal tax rate Rotweiler Obedience School's December 31, 2018, balance sheet showed...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales $ 891 Cost of goods sold 751 Depreciation 41 Earnings before interest and taxes (EBIT) $ 99 Interest expense 22 Income before tax $ 77 Taxes 26.95 Net income $ 50.05 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets $ 379 $ 332 Long-term assets 278 232 Total assets $ 657 $ 564 Liabilities and shareholders’ equity...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,580 Costs 17,582 Depreciation 1,415 Earnings before interest and taxes (EBIT) $ 8,583 Interest expense 530 Pretax income 8,053 Federal plus other taxes 2,819 Net income $ 5,234 201 2019 2018 $ $ - 3,416 3,416 $ 406 3,156 $ 3,562 Assets Current assets Cash and marketable securities Receivables...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,573 Net sales Costs 17,575 Depreciation Earnings before interest and taxes (EBIT) 1,408 $ 8,590 Interest expense 523 8,067 2,823 Pretax income Federal plus other taxes $ 5,244 Net income BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity 2019 Assets 2019 2018 2018 Current...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
pleasz i need assitance with questions below.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $27,571 17,573 Costs Depreciation Earnings before interest and taxes (EBIT) $8,592 Interest expense 1,406 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) Assets 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
please i need correcr answers to A and C.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP. , 2016 (Figures in $ millions) Net sales $27,571 17,573 1,406 Earnings before interest and taxes (EBIT) $8,592 Costs Depreciation Interest expense 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Assets 2016 Liabilities and Shareholders'...
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets Current assets Net fixed assets 2015 2016 Liabilities and Shareholders Equity $ 98 180 Current liabilities 2015 2016 $66 $ 84 640 830 880 980 Long-term debt INCOME STATEMENT, 2016 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense $ 1,990 1,070 390 248 a&b. What is shareholders' equity in 2015 and 2016? (Enter...
South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2018 2019 Liabilities and Shareholders' Equity $ 98 $ 180 Current liabilities 880 980 Long-term debt 2018 $ 66 640 2019 $ 84 830 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 1,990 Cost of goods sold 1,070 Depreciation Interest expense 390 248 a&b. What is shareholders' equity in 2018 and...
Duela Dent is single and had $196,000 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) a. Average tax rate b. Marginal tax rate Rotweiler Obedience School's December 31, 2018, balance sheet showed...
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