Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include Tim Horton's, Burger King, and Popeyes. Dine Brands Global, Inc. (DIN) franchises and operates the Applebee's and IHOP restaurant brands. Selected financial statement information for a recent year for both companies follows (in millions): Restaurant Dine Brands Operating expenses Depreciation expense Cash (end-of-year balance) Brands $3,860 $635 201 11 1,087 361 a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Restaurant Brands Dine Brands Days' Cash on Hand 108.4 days 211.2 days b. Which company appears to have the stronger cash liquidity position? Dine Brands
Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include Tim Horton's, Burger King, and Popeyes. Dine Brands Global, Inc. (DIN) franchises and operates the Applebee's and IHOP restaurant brands. Selected financial statement information for a recent year for both companies follows (in millions): Restaurant Dine Brands Operating expenses Depreciation expense Cash (end-of-year balance) Brands $3,860 $635 201 11 1,087 361 a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Restaurant Brands Dine Brands Days' Cash on Hand 108.4 days 211.2 days b. Which company appears to have the stronger cash liquidity position? Dine Brands
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze and compare Restaurant Brands and Dine Brands
Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include
Tim Horton's, Burger King, and Popeyes. Dine Brands Global, Inc. (DIN) franchises and operates the Applebee's and IHOP
restaurant brands. Selected financial statement information for a recent year for both companies follows (in millions):
Restaurant Dine
Brands Brands
Operating expenses
Depreciation expense
Cash (end-of-year balance)
$3,860 $635
201
11
1,087
361
a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one
decimal place and use in subsequent calculations. Round final answers to one decimal place.
Restaurant Brands Dine Brands
Days' Cash on Hand
108.4 days
211.2 days
91
ما
b. Which company appears to have the stronger cash liquidity position?
Dine Brands
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3/22/2024
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Transcribed Image Text:eBook
Analyze and compare Restaurant Brands and Dine Brands
Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include
Tim Horton's, Burger King, and Popeyes. Dine Brands Global, Inc. (DIN) franchises and operates the Applebee's and IHOP
restaurant brands. Selected financial statement information for a recent year for both companies follows (in millions):
Restaurant Dine
Brands Brands
Operating expenses
Depreciation expense
Cash (end-of-year balance)
$3,860 $635
201
11
1,087
361
a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one
decimal place and use in subsequent calculations. Round final answers to one decimal place.
Restaurant Brands Dine Brands
Days' Cash on Hand
108.4 days
211.2 days
91
ما
b. Which company appears to have the stronger cash liquidity position?
Dine Brands
O
W
F6
F7
F8
5
%
Y
&
*
8
F9
Service
Hotkey
服务热址:
G
H
J
K
B
M
(
F10
9:42 PM
54°F Mostly cloudy
ヘ
3/22/2024
S
Delete
F11
F12
Insert
P
[
?
+ ||
11
Backspace
Num
Lock
Enter
Shift
80
9
0
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