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INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) $ 27,587 17,589 1,422 $ 8,576 Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income 537 8,039 2,814 $ 5,225 Таxes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Liabilities and Shareholders' Equity Assets 2016 2016 2015 Current liabilities 2,356 Debt due for repayment 1,355 Accounts payable Current assets Cash and marketable securities Receivables 2,356 1,395 427 Total current liabilities 3,423 3,423 3,163 3,590 Inventories 142 137 Other current assets 1,109 5,002 636 Total current assets Fixed assets 4,484 Property, plant, and equipment Intangible assets (goodwill) Other long-term assets 24,697 2,824 3,003 Long-term debt 22,855 other long-term liabillities Total liabilities Total shareholders' equity 13,653 3,077 20,153 15,373 12,154 2,977 18,721 14,410 2,673 3,119 Total assets 35,526 33,131 Total liabilities and shareholders' equity 35,526 33,131 In 2016 Quick Burger had capital expenditures of $3,069.

INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) $ 27,587 17,589 1,422 $ 8,576 Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income 537 8,039 2,814 $ 5,225 Таxes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Liabilities and Shareholders' Equity Assets 2016 2016 2015 Current liabilities 2,356 Debt due for repayment 1,355 Accounts payable Current assets Cash and marketable securities Receivables 2,356 1,395 427 Total current liabilities 3,423 3,423 3,163 3,590 Inventories 142 137 Other current assets 1,109 5,002 636 Total current assets Fixed assets 4,484 Property, plant, and equipment Intangible assets (goodwill) Other long-term assets 24,697 2,824 3,003 Long-term debt 22,855 other long-term liabillities Total liabilities Total shareholders' equity 13,653 3,077 20,153 15,373 12,154 2,977 18,721 14,410 2,673 3,119 Total assets 35,526 33,131 Total liabilities and shareholders' equity 35,526 33,131 In 2016 Quick Burger had capital expenditures of $3,069.

FINANCIAL ACCOUNTING
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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The images contain the questions - I am unable to figure out part c.

INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) $ 27,587 17,589 1,422 $ 8,576 Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income 537 8,039 2,814 $ 5,225 Таxes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Liabilities and Shareholders' Equity Assets 2016 2016 2015 Current liabilities 2,356 Debt due for repayment 1,355 Accounts payable Current assets Cash and marketable securities Receivables 2,356 1,395 427 Total current liabilities 3,423 3,423 3,163 3,590 Inventories 142 137 Other current assets 1,109 5,002 636 Total current assets Fixed assets 4,484 Property, plant, and equipment Intangible assets (goodwill) Other long-term assets 24,697 2,824 3,003 Long-term debt 22,855 other long-term liabillities Total liabilities Total shareholders' equity 13,653 3,077 20,153 15,373 12,154 2,977 18,721 14,410 2,673 3,119 Total assets 35,526 33,131 Total liabilities and shareholders' equity 35,526 33,131 In 2016 Quick Burger had capital expenditures of $3,069.
Transcribed Image Text:INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) $ 27,587 17,589 1,422 $ 8,576 Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income 537 8,039 2,814 $ 5,225 Таxes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Liabilities and Shareholders' Equity Assets 2016 2016 2015 Current liabilities 2,356 Debt due for repayment 1,355 Accounts payable Current assets Cash and marketable securities Receivables 2,356 1,395 427 Total current liabilities 3,423 3,423 3,163 3,590 Inventories 142 137 Other current assets 1,109 5,002 636 Total current assets Fixed assets 4,484 Property, plant, and equipment Intangible assets (goodwill) Other long-term assets 24,697 2,824 3,003 Long-term debt 22,855 other long-term liabillities Total liabilities Total shareholders' equity 13,653 3,077 20,153 15,373 12,154 2,977 18,721 14,410 2,673 3,119 Total assets 35,526 33,131 Total liabilities and shareholders' equity 35,526 33,131 In 2016 Quick Burger had capital expenditures of $3,069.
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