1. FOR BURGER KING: WHAT IS THE 2018 AND 2017 TIMES INTEREST EARNED 2. FOR BURGER...

1. FOR BURGER KING: WHAT IS THE 2018 AND 2017 TIMES INTEREST EARNED

2. FOR BURGER KING: WHAT IS THE 2018 AND 2017 WHAT IS THE TOTAL DEBT TO TOTAL ASSETS

3. FOR BURGER KING WHAT IS THE 2018 AND 2017 AVERAGE COLLECTION PERIOD

Expert Solution

Full fledged financial statements of Burger King can't be found on stand alone basis. Burger King is owned by a company called Restaurant Brands International (RBI).

RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES

Financial statements of this parent company is available. Information from this has been used to solve this question.

Source of the raw data: https://www.rbi.com/Annual-Reports

The financials are in millions of U.S. dollars.

Please see the table below. The linkage column will help you understand the mathematics.

Data	Linkage	2018	2017
Total revenue	A	5,357	4,576
Income from operations	B	1,917	1,735
Interest expenses	C	535	512
Total Liabilities	D	16,523	16,663
Total assets	E	20,141	21,224
Receivables	F	452	489

Times Interest Earned	B / C	3.58	3.39
Total debt to total assets ratio	D / E	0.82	0.79
Average collection period	F / A x 365	31	39

Snapshot of the balance sheet from where raw data has been sourced:

Income statement:

jeff jeffy answered 1 month ago

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