he following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@21%) Net income Assets Current assets Cash and marketable securities Receivables nece Inventories A Other current assets Total current assets co Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets $ 27,583 17,585 1,418 $ 8,580 2022 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 $ 2,352 1,391 138 1,105 $ 4,986 533 8,047 1,690 $ 6,357 $ 24,693 2,820 2,999 $ 35,498 $ 2,352 1,351 133 632 $ 4,468 $ 22,851 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment Accounts payable Total current liabilities Long-term debt Other long-term liabilities 2,669 Total liabilities 3,115 Total shareholders' equity $ 33,103 Total liabilities and shareholders' equity 2022 $ 3,419 $ 3,419 $ 13,649 3,073 $ 20,141 15,357 $ 35,498 2021 $ 415 3,159 $ 3,574 $ 12,150 2,973 $ 18,697 14,406 $ 33,103
he following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@21%) Net income Assets Current assets Cash and marketable securities Receivables nece Inventories A Other current assets Total current assets co Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets $ 27,583 17,585 1,418 $ 8,580 2022 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 $ 2,352 1,391 138 1,105 $ 4,986 533 8,047 1,690 $ 6,357 $ 24,693 2,820 2,999 $ 35,498 $ 2,352 1,351 133 632 $ 4,468 $ 22,851 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment Accounts payable Total current liabilities Long-term debt Other long-term liabilities 2,669 Total liabilities 3,115 Total shareholders' equity $ 33,103 Total liabilities and shareholders' equity 2022 $ 3,419 $ 3,419 $ 13,649 3,073 $ 20,141 15,357 $ 35,498 2021 $ 415 3,159 $ 3,574 $ 12,150 2,973 $ 18,697 14,406 $ 33,103
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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