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using the total for income and expense, what is the income statement equation for the most recent year? what amount of net sale is reported for each year? what is the % change in sales for each year and the trend in revenues? Operating activities Net income $6,177.4 $ 7,545.2 $ 4,730.5 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,870.6 1,868.1 1,751.4 Deferred income taxes (345.7) (428.3) 6.4 Share-based compensation 166.7 139.2 92.4 Net (gain) loss on sale of restaurant and other businesses Other 732.7 (97.8) (28.2) (570.4) (339.1) (75.2) Changes in working capital items: Accounts receivable (264.1) 309.9 (6.8) Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6) Accounts payable 31.3 225.0 (137.5) Income taxes (546.7) (302.5) (43.6) Other accrued liabilities 129.3 284.0 44.4 Cash provided by operations 7,386.7 9,141.5 6,265.2 Investing activities Capital expenditures (1,899.2) (2,040.0) (1,640.8) Purchases of restaurant businesses (807.0) (374.2) (66.1) Sales of restaurant and other businesses Sales of property Other 445.9 196.2 76.3 38.9 106.2 27.4 (456.7) (53.9) 57.4 Cash used for investing activities (2,678.1) (2,165.7) (1,545.8) Financing activities Net short-term borrowings. 25.5 15.1 (893.1) Long-term financing issuances 3,374.5 1,154.4 5,543.0 Long-term financing repayments (2,202.4) (2,240.0) (2,411.7) Treasury stock purchases (3,896.0) (845.5) (907.8) Common stock dividends (4,168.2) (3,918.6) (3,752.9) Proceeds from stock option exercises Other 248.2 285.7 295.5 38.2 (46.7) (122.0) Cash used for financing activities (6,580.2) (5,595.6) (2,249.0) Effect of exchange rates on cash and equivalents (253.8) (120.1) 80.2 Cash and equivalents increase (decrease) Cash and equivalents at beginning of year (2,125.4) 1,260.1 2,550.6 4,709.2 3,449.1 898.5 Cash and equivalents at end of year $2,583.8 $ 4,709.2 $ 3,449.1 Supplemental cash flow disclosures Interest paid $1,183.5 $1,197.3 $ 1,136.0 Income taxes paid 3,023.5 2,403.9 1,441.9

using the total for income and expense, what is the income statement equation for the most recent year? what amount of net sale is reported for each year? what is the % change in sales for each year and the trend in revenues? Operating activities Net income $6,177.4 $ 7,545.2 $ 4,730.5 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,870.6 1,868.1 1,751.4 Deferred income taxes (345.7) (428.3) 6.4 Share-based compensation 166.7 139.2 92.4 Net (gain) loss on sale of restaurant and other businesses Other 732.7 (97.8) (28.2) (570.4) (339.1) (75.2) Changes in working capital items: Accounts receivable (264.1) 309.9 (6.8) Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6) Accounts payable 31.3 225.0 (137.5) Income taxes (546.7) (302.5) (43.6) Other accrued liabilities 129.3 284.0 44.4 Cash provided by operations 7,386.7 9,141.5 6,265.2 Investing activities Capital expenditures (1,899.2) (2,040.0) (1,640.8) Purchases of restaurant businesses (807.0) (374.2) (66.1) Sales of restaurant and other businesses Sales of property Other 445.9 196.2 76.3 38.9 106.2 27.4 (456.7) (53.9) 57.4 Cash used for investing activities (2,678.1) (2,165.7) (1,545.8) Financing activities Net short-term borrowings. 25.5 15.1 (893.1) Long-term financing issuances 3,374.5 1,154.4 5,543.0 Long-term financing repayments (2,202.4) (2,240.0) (2,411.7) Treasury stock purchases (3,896.0) (845.5) (907.8) Common stock dividends (4,168.2) (3,918.6) (3,752.9) Proceeds from stock option exercises Other 248.2 285.7 295.5 38.2 (46.7) (122.0) Cash used for financing activities (6,580.2) (5,595.6) (2,249.0) Effect of exchange rates on cash and equivalents (253.8) (120.1) 80.2 Cash and equivalents increase (decrease) Cash and equivalents at beginning of year (2,125.4) 1,260.1 2,550.6 4,709.2 3,449.1 898.5 Cash and equivalents at end of year $2,583.8 $ 4,709.2 $ 3,449.1 Supplemental cash flow disclosures Interest paid $1,183.5 $1,197.3 $ 1,136.0 Income taxes paid 3,023.5 2,403.9 1,441.9

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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using the total for income and expense, what is the income statement equation for the most recent year? what amount of net sale is reported for each year? what is the % change in sales for each year and the trend in revenues? Operating activities Net income $6,177.4 $ 7,545.2 $ 4,730.5 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,870.6 1,868.1 1,751.4 Deferred income taxes (345.7) (428.3) 6.4 Share-based compensation 166.7 139.2 92.4 Net (gain) loss on sale of restaurant and other businesses Other 732.7 (97.8) (28.2) (570.4) (339.1) (75.2) Changes in working capital items: Accounts receivable (264.1) 309.9 (6.8) Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6) Accounts payable 31.3 225.0 (137.5) Income taxes (546.7) (302.5) (43.6) Other accrued liabilities 129.3 284.0 44.4 Cash provided by operations 7,386.7 9,141.5 6,265.2 Investing activities Capital expenditures (1,899.2) (2,040.0) (1,640.8) Purchases of restaurant businesses (807.0) (374.2) (66.1) Sales of restaurant and other businesses Sales of property Other 445.9 196.2 76.3 38.9 106.2 27.4 (456.7) (53.9) 57.4 Cash used for investing activities (2,678.1) (2,165.7) (1,545.8) Financing activities Net short-term borrowings. 25.5 15.1 (893.1) Long-term financing issuances 3,374.5 1,154.4 5,543.0 Long-term financing repayments (2,202.4) (2,240.0) (2,411.7) Treasury stock purchases (3,896.0) (845.5) (907.8) Common stock dividends (4,168.2) (3,918.6) (3,752.9) Proceeds from stock option exercises Other 248.2 285.7 295.5 38.2 (46.7) (122.0) Cash used for financing activities (6,580.2) (5,595.6) (2,249.0) Effect of exchange rates on cash and equivalents (253.8) (120.1) 80.2 Cash and equivalents increase (decrease) Cash and equivalents at beginning of year (2,125.4) 1,260.1 2,550.6 4,709.2 3,449.1 898.5 Cash and equivalents at end of year $2,583.8 $ 4,709.2 $ 3,449.1 Supplemental cash flow disclosures Interest paid $1,183.5 $1,197.3 $ 1,136.0 Income taxes paid 3,023.5 2,403.9 1,441.9
Transcribed Image Text:using the total for income and expense, what is the income statement equation for the most recent year? what amount of net sale is reported for each year? what is the % change in sales for each year and the trend in revenues? Operating activities Net income $6,177.4 $ 7,545.2 $ 4,730.5 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,870.6 1,868.1 1,751.4 Deferred income taxes (345.7) (428.3) 6.4 Share-based compensation 166.7 139.2 92.4 Net (gain) loss on sale of restaurant and other businesses Other 732.7 (97.8) (28.2) (570.4) (339.1) (75.2) Changes in working capital items: Accounts receivable (264.1) 309.9 (6.8) Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6) Accounts payable 31.3 225.0 (137.5) Income taxes (546.7) (302.5) (43.6) Other accrued liabilities 129.3 284.0 44.4 Cash provided by operations 7,386.7 9,141.5 6,265.2 Investing activities Capital expenditures (1,899.2) (2,040.0) (1,640.8) Purchases of restaurant businesses (807.0) (374.2) (66.1) Sales of restaurant and other businesses Sales of property Other 445.9 196.2 76.3 38.9 106.2 27.4 (456.7) (53.9) 57.4 Cash used for investing activities (2,678.1) (2,165.7) (1,545.8) Financing activities Net short-term borrowings. 25.5 15.1 (893.1) Long-term financing issuances 3,374.5 1,154.4 5,543.0 Long-term financing repayments (2,202.4) (2,240.0) (2,411.7) Treasury stock purchases (3,896.0) (845.5) (907.8) Common stock dividends (4,168.2) (3,918.6) (3,752.9) Proceeds from stock option exercises Other 248.2 285.7 295.5 38.2 (46.7) (122.0) Cash used for financing activities (6,580.2) (5,595.6) (2,249.0) Effect of exchange rates on cash and equivalents (253.8) (120.1) 80.2 Cash and equivalents increase (decrease) Cash and equivalents at beginning of year (2,125.4) 1,260.1 2,550.6 4,709.2 3,449.1 898.5 Cash and equivalents at end of year $2,583.8 $ 4,709.2 $ 3,449.1 Supplemental cash flow disclosures Interest paid $1,183.5 $1,197.3 $ 1,136.0 Income taxes paid 3,023.5 2,403.9 1,441.9
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