busn 5000 week 6 hw

BUSN 5000 Homework 6 Please open this document in Microsoft Word and respond directly in this document without modification of the text in bold. This way the answer will be in the same place and in the same format for every student. You will submit this Word file in Canvas. If you have any trouble, reach out to your instructor in a timely manner. Question 1 – The following table on the left lists the components of McDonalds Income Statement and the correct values. On the right, add these in the correct order along with the corresponding amount. For full credit, be sure to label negative values as negative. Alphabetic Billion $ Income Statement (Correct Order) Amount Cost of Revenue $ 10 Revenue $23 Depreciation Expense $ 1 Cost Of Revenue - $10 Gross Profit $ 13 Gross Profit $13 Interest Expense $ 1 SGA Expense - $3 Net Income $ 6 Other Operating Expense - $1 Operating Income $ 9 Depreciation -$1 Other Income Expense $ 0 Operating Income $9 Other Operating Expense $ 1 Other Income Expense $0 Pretax income $ 7 I nterest Expense - $1 Revenue $ 23 Pretax Income $7 SGA Expense $ 3 Tax Provision - $1 Tax Provision $ 1 Net Income $6 Question 2 – These are from McDonalds balance sheet. The numbers on the asset-side are approximately correct. Go online and find the corresponding number for the right-hand side (approximately). Make sure your balance sheet balances. Billion $ Billion $ Cash and Equivalents $ 2.6 Current Liabilities $3.8 Receivables $ 2.1 Total Non-Current Liabilities $1.8 Other Current Assets $ 0.7 Total Liabilities $56.2 Plant and Equipment $ 36.5 Other Non-Current Assets $ 8.5 Owners Equity -$6003 Total Assets $ 50.4 Total Liabilities and Equity $50.4