[The following information applies to the questions displayed below.] Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are millions) Balance Sheet Cash and short-term investments Accounts receivable Inventory Other current assets Long-lived assets Total assets Current liabilities Total liabilities Shareholders equity Total liabilities and equity Income Statement Sales Cost of sales Gross margin Earnings before interest and taxes Interest Taxes Net income Share price Earnings per share Number of outstanding shares (millions) Cash Flows Cash flow from operations Capital expenditures Dividends 1. Gross margin percent 2. Return on assets (ROA). 3. Return on equity (ROE). 1. Gross Margin Percentage Numerator Denominator 2. Return on As Numerator Denominator 3. Return on Eq Numerator Denominator Mmm Good Foods Incorporated 2018 2019 $ 743 623 161 3,704 $ 5,231 $ 1,541 13,247 (8,016) $ 5,231 $ 5,597 1,235 $ 4,362 $ 1,859 486 79 $ 1,294 $ 102 4.23 300 $ 1,315 196 511 Average stockholders' equity Average total assets Average total liabilities Cash $443 597 167 2,923 $ 4,130 $ 1,301 12,056 (7,926) $ 4,130 $ 5,688 1,634 $ 4,054 $ 2,291 452 297 $ 1,542 $ 92 4.80 306 $ 1,176 234 462 Required: Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minus sign. Do not round Intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.) 2019 2019 2017 $ 1,723 2019 575 13 196 2,804 $ 5,311 $ 1,512 11,645 (6,334) $ 5,311 $ 5,878 2,954 $ 2,924 $ 2,719 445 934 $ 1,340 $ 82 3.86 332 $ 1,030 318 416 2018 2018 2018
[The following information applies to the questions displayed below.] Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are millions) Balance Sheet Cash and short-term investments Accounts receivable Inventory Other current assets Long-lived assets Total assets Current liabilities Total liabilities Shareholders equity Total liabilities and equity Income Statement Sales Cost of sales Gross margin Earnings before interest and taxes Interest Taxes Net income Share price Earnings per share Number of outstanding shares (millions) Cash Flows Cash flow from operations Capital expenditures Dividends 1. Gross margin percent 2. Return on assets (ROA). 3. Return on equity (ROE). 1. Gross Margin Percentage Numerator Denominator 2. Return on As Numerator Denominator 3. Return on Eq Numerator Denominator Mmm Good Foods Incorporated 2018 2019 $ 743 623 161 3,704 $ 5,231 $ 1,541 13,247 (8,016) $ 5,231 $ 5,597 1,235 $ 4,362 $ 1,859 486 79 $ 1,294 $ 102 4.23 300 $ 1,315 196 511 Average stockholders' equity Average total assets Average total liabilities Cash $443 597 167 2,923 $ 4,130 $ 1,301 12,056 (7,926) $ 4,130 $ 5,688 1,634 $ 4,054 $ 2,291 452 297 $ 1,542 $ 92 4.80 306 $ 1,176 234 462 Required: Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minus sign. Do not round Intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.) 2019 2019 2017 $ 1,723 2019 575 13 196 2,804 $ 5,311 $ 1,512 11,645 (6,334) $ 5,311 $ 5,878 2,954 $ 2,924 $ 2,719 445 934 $ 1,340 $ 82 3.86 332 $ 1,030 318 416 2018 2018 2018
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 26BE
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Question
Please give me correct answer without image format thanx
![[The following information applies to the questions displayed below.]
Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that
operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow
statement: (amounts are millions)
Balance Sheet
Cash and short-term investments
Accounts receivable
Inventory
Other current assets.
Long-lived assets
Total assets
Current liabilities
Total liabilities.
Shareholders' equity
Total liabilities and equity
Income Statement
Sales
Cost of sales
Gross margin
Earnings before interest and taxes
Interest
Taxes
Net income
Share price
Earnings per share
Number of outstanding shares (millions)
Cash Flows
Cash flow from operations
Capital expenditures
Dividends
1. Gross margin percent
2. Return on assets (ROA).
3. Return on equity (ROE).
1. Gross Margin Percentage
Numerator
Denominator
2. Return on As
Numerator
Denominator
3. Return on Eq
Numerator
Denominator
Mmm Good Foods Incorporated
2018
$ 443
597
2019
$ 743
623
161
3,704
$ 5,231
$ 1,541
13,247
(8,016)
$ 5,231
$ 5,597
1,235
$4,362
$ 1,859
486
79
$ 1,294
$ 102
4.23
300
$ 1,315
196
511
Average stockholders' equity
Average total assets
Average total liabilities
Cash
167
2,923
$ 4,130
$ 1,301
12,056
(7,926)
$ 4,130
$ 5,688
1,634
$ 4,054
$ 2,291
452
297
$ 1,542
$ 92
4.80
306
$ 1,176
234
462
Required:
Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minus sign. Do not
round Intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.)
2019
2019
2017
$ 1,723
2019
575
13
196
2,884
$5,311
$ 1,512
11,645
(6,334)
$ 5,311
$ 5,878
2,954
$ 2,924
$ 2,719
445
934
$ 1,340
$ 82
3.86
332
$ 1,030
318
416
2018
2018
2018](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc1e3b404-8fb5-489b-bcf4-6b7640d5b082%2F9231d111-ff6a-4465-9ab4-4992c956bf9a%2Fqtqx3ms_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[The following information applies to the questions displayed below.]
Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that
operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow
statement: (amounts are millions)
Balance Sheet
Cash and short-term investments
Accounts receivable
Inventory
Other current assets.
Long-lived assets
Total assets
Current liabilities
Total liabilities.
Shareholders' equity
Total liabilities and equity
Income Statement
Sales
Cost of sales
Gross margin
Earnings before interest and taxes
Interest
Taxes
Net income
Share price
Earnings per share
Number of outstanding shares (millions)
Cash Flows
Cash flow from operations
Capital expenditures
Dividends
1. Gross margin percent
2. Return on assets (ROA).
3. Return on equity (ROE).
1. Gross Margin Percentage
Numerator
Denominator
2. Return on As
Numerator
Denominator
3. Return on Eq
Numerator
Denominator
Mmm Good Foods Incorporated
2018
$ 443
597
2019
$ 743
623
161
3,704
$ 5,231
$ 1,541
13,247
(8,016)
$ 5,231
$ 5,597
1,235
$4,362
$ 1,859
486
79
$ 1,294
$ 102
4.23
300
$ 1,315
196
511
Average stockholders' equity
Average total assets
Average total liabilities
Cash
167
2,923
$ 4,130
$ 1,301
12,056
(7,926)
$ 4,130
$ 5,688
1,634
$ 4,054
$ 2,291
452
297
$ 1,542
$ 92
4.80
306
$ 1,176
234
462
Required:
Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minus sign. Do not
round Intermediate calculations. Enter your answers in millions, rounded to the nearest whole number.)
2019
2019
2017
$ 1,723
2019
575
13
196
2,884
$5,311
$ 1,512
11,645
(6,334)
$ 5,311
$ 5,878
2,954
$ 2,924
$ 2,719
445
934
$ 1,340
$ 82
3.86
332
$ 1,030
318
416
2018
2018
2018
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