Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

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

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 74E
See similar textbooks
icon
Related questions
Question
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 < Prev 4 of 8 Next > N
Transcribed Image Text: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 < Prev 4 of 8 Next > N
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Uses Of Excess Cash
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS