In 2019 Quick Burger had a capital expenditure of $3055.A. calculate quick burgers free cash flow in 2019 by millionsB.if quick Burger was financed entirely by equity how much more tax would the company have paid assume tax rate of 21% round to two decimals. Answer by millions.C. what was the company's free cash flow have been if it was all equity finance answered by millions T ProblemsSavodHelpSave & ExitCheckThe 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$ 27,57317,5751,408$ 8,590CostsDepreciationEarnings before interest and taxes(EBIT)Interest expense523Pretax incomeFederal taxes (e 21%)8,0671,694Net income$ 6,373BALANCE SHEET OF QUICK BURGER CORP., 2019(Figures in S millions)Assets20192018Liabilities and Shareholders' Equity20192018Current assetsCurrent liabilitiesS 2,3421,381S 2,3421,341Cash and marketable securitiesDebt due for repa yment385$ 3,409$ 3,409ReceivablesAccounts payable3,149Inventories123123Total current liabilities$ 3,5341,095622Other current assetsTotal current assetsFixed assets$ 4,946$ 4,428$13, 639$12,1402,963$18,63714,396Long-term debtOther long-term liabilitiesTotal liabilitiesTotal shareholders' equity3,063Property, plant, and equipmentIntangible assets (goodwill)Other long-term assets$24, 6832,810$22,8412,6593,105$20,1112,98915,317$35,428$33,033Total liabilities and shareholders' equity S35,428$33,033Total assets< Prev4 of 8Next >N

Step 1: Free Cash flow of a company is the cash flow from operating activities minus the capital…

Answered: In 2019 Quick Burger had a capital…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In 2019 Quick Burger had a capital expenditure of $3055. A. calculate quick burgers free cash flow in 2019 by millions B.if quick Burger was financed entirely by equity how much more tax would the company have paid assume tax rate of 21% round to two decimals. Answer by millions. C. what was the company's free cash flow have been if it was all equity finance answered by millions

T Problems
Savod
Help
Save & Exit
Check
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
$ 27,573
17,575
1,408
$ 8,590
Costs
Depreciation
Earnings before interest and taxes
(EBIT)
Interest expense
523
Pretax income
Federal taxes (e 21%)
8,067
1,694
Net income
$ 6,373
BALANCE SHEET OF QUICK BURGER CORP., 2019
(Figures in S millions)
Assets
2019
2018
Liabilities and Shareholders' Equity
2019
2018
Current assets
Current liabilities
S 2,342
1,381
S 2,342
1,341
Cash and marketable securities
Debt due for repa yment
385
$ 3,409
$ 3,409
Receivables
Accounts payable
3,149
Inventories
123
123
Total current liabilities
$ 3,534
1,095
622
Other current assets
Total current assets
Fixed assets
$ 4,946
$ 4,428
$13, 639
$12,140
2,963
$18,637
14,396
Long-term debt
Other long-term liabilities
Total liabilities
Total shareholders' equity
3,063
Property, plant, and equipment
Intangible assets (goodwill)
Other long-term assets
$24, 683
2,810
$22,841
2,659
3,105
$20,111
2,989
15,317
$35,428
$33,033
Total liabilities and shareholders' equity S35,428
$33,033
Total assets
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