mework i0encesMcGrawHillINCOME STATEMENT OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)Net salesCostsDepreciationEarnings before interest and taxes (EBIT)Interest expensePretax incomeFederal taxes (@ 21%)Net incomeAssetsCurrent assetsCash and marketable securitiesReceivablesInventoriesOther current assetsTotal current assetsFixed assetsProperty, plant, and equipmentIntangible assets (goodwill)Other long-term assetsTotal assetsa. Free cash flowb. Additional taxc. Free cash flowmillionmillionmillion$ 27,57117,5731,406$ 8,59252120228,0711,695$ 6,376BALANCE SHEET OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)2021$ 2,3401,3791261,093$ 4,938$ 24,6812,8082,987$ 35,414$ 2,3401,339121620$ 4,420Saved$ 22,8392,6573,103Liabilities and Shareholders' EquityCurrent liabilitiesDebt due for repaymentLong-term debtOther long-term liabilitiesTotal liabilitiesTotal shareholders' equity$ 33,019 Total liabilities and shareholders' equity< Prev***********Accounts payableTotal current liabilitiesIn 2022 Quick Burger had capital expenditures of $3,053.a. Calculate Quick Burger's free cash flow in 2022.Note: Enter your answer in millions.b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%.)Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.c. What would the company's free cash flow have been if it was all-equity financed?Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.5 of 52022NextSHARROAK$ 3,407$ 3,407-$ 13,6373,061$ 20,10515,309$ 35,414Help2021Save$ 3793,147$ 3,526$ 12,1382,961$ 18,62514,394$ 33,019C

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Description: mework i0encesMcGrawHillINCOME STATEMENT OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)Net salesCostsDepreciationEarnings before interest and taxes (EBIT)Interest expensePretax incomeFederal taxes (@ 21%)Net incomeAssetsCurrent assetsCash

Free Cash flow Free cash flow is the cash that is left over from operation of the company after…

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INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 218) Net income Assets Current assets Cash and marketable securities" Receivable $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 2022 $ 2,340 Liabilities and Shareholders' Equity Current liabilities $ 2,340 Debt due for repayment 2022 2021

INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 218) Net income Assets Current assets Cash and marketable securities" Receivable $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 2022 $ 2,340 Liabilities and Shareholders' Equity Current liabilities $ 2,340 Debt due for repayment 2022 2021

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 12P

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