statement Finding real-world accounting information ATC 1-3 This takeho requ Res
ID: 2328130 • Letter: S
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statement Finding real-world accounting information ATC 1-3 This takeho requ Research Assignment chapter introduced the basic four financial statements companies use annually to keep their lders informed of their accomplishments and financial situation. Complete the following rements using the most recent financial statements available on the McDonald's Corporation's website. Obtain the statements on the Internet by following the steps given. company's website may have changed since the se instructions were written.) 1. Go to www.mcdonalds.com 2. Click on the "Investors Relations" link at the bottom of the page. 3. Using on the INVESTORS" link at the top of the page, click on "Financial Information." 4. Under the list of "Annual Reports" select the most recent annual report available. 5. Go to the company's financial statements that begin on page 29 of the annual report. Required a. What was the company's net income in each of the last three years? b. What amount of total assets did the company have at the end of the most recent year? c. How much retained earnings did the company have at the end of the most recent year? d. For the most recent year, what was the company's cash flow from operating activities, cash flo from investing activities, and cash flow from financing activities? wExplanation / Answer
a. Net income :
2017 - $ 5192.3 millions
2016 - $ 4686.5 millions
2015- $ 4529.3 millions
b. Total assets as at December 31, 2017 - $ 33803.7 millions
c. Retained earnings as at December 31, 2017 - $ 48325.8 millions
d.Cash inflow from operating activities for year 2017 - $ 5551 millions
Cash intflow for investing activities for the year 2017 - $ 562 millions
Cash outflow for financing activities for year 2017 - $ 5310.8 millions
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