The Financial Report Of McDonald Assign

The Financial Report of McDonald’s
Sheree Steele
Strayer University
FIN100
Professor Hugh Connelly
November 4, 2014

McDonald’s financial strategies has varied in the past three years with it profit margins, debt to assets ratio, price-earnings ratio, inventory turnover, current ratio and its times interest earned. This paper will cover the all the financial statements based on this company profit growth, and how they plan to do better in the next five years or so.

The Income Statement
Top of Form

Period Ending:
Trend
12/31/2013
12/31/2012
12/31/2011
12/31/2010
Total Revenue

$28,105,700
$27,567,000
$27,006,000
$24,074,600
Cost of Revenue

$17,203,000
$16,750,700
$16,319,400
$14,437,300
Gross Profit

$10,902,700
$10,816,300
$10,686,600
$9,637,300
Operating Expenses
Research and Development

$0
$0
$0
$0
Sales, General and Admin.

$2,138,400
$2,211,700
$2,156,900
$2,135,100
Non-Recurring Items

$0
$0
$0
$29,100
Other Operating Items

$0
$0
$0
$0
Operating Income

$8,764,300
$8,604,600
$8,529,700
$7,473,100
Add 'l income/expense items

($37,900)
($9,000)
($24,700)
($21,900)
Earnings Before Interest and Tax

$8,204,500
$8,079,000
$8,012,200
$7,451,200
Interest Expense

$0
$0
$0
$450,900
Earnings Before Tax

$8,204,500
$8,079,000
$8,012,200
$7,000,300
Income Tax

$2,618,600
$2,614,200
$2,509,100
$2,054,000
Minority Interest

$0
$0
$0
$0
Equity Earnings/Loss Unconsolidated Subsidiary

$0
$0
$0
$0
Net Income-Cont. Operations

$5,585,900
$5,464,800
$5,503,100
$4,946,300
Net Income

$5,585,900
$5,464,800
$5,503,100
$4,946,300
Net Income Applicable to Common Shareholders

References: www.Ebscohost.com www.Financials.morningstar.com www.Hoovers.com