MCDONALDS balance sheet.

Liabilities & Shareholders' Equity

*Question* for years ((**2015-2018**)) please show work , please and thank you :)

What is Mcdonald's 1) current ratio 2) debt-equity ratio 3) profit margin 4) return on assets (ROA) 5) return on equity (ROE) 6) Use the Dupont identity to calculate total assets turnover (TAT).

Langley Company's December 31 year-end financial statements contained the following errors:

Dec. 31, 2017 Dec. 31, 2018

Ending inventory $27,500 understated $35,000 overstated

Depreciation expense 10,000 overstated

An insurance premium of $290,000 was prepaid in 2017 covering the years 2017, 2018, and 2019. The prepayment was correctly recorded with a debit to prepaid insurance. However, the prepaid insurance account at December 31, 2018 had a balance of $290,000.

(a) What is the total net effect of the errors on the amount of Langley's working capital at December 31, 2018?

(b)What is the total effect of the errors on the balance of Langley's retained earnings at December 31, 2018?

a. Calculate the operating cash flow for 2018. (Hint: Taxes = Earnings before taxes x Tax rate) (show your work)

b. Calculate the cash flow from assets for 2018. (show your work )

c. Calculate the cash flow to creditors and the cash flow to shareholders for 2018. (show your work)

Multiple Choice

• $-3,970,000

• $2,345,000

• $-2,700,000

• $-1,360,000

Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 3,800 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations:

Full costing operating income for 2018 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)

Maple Inc. owns equipment that it purchased on January 1, 2018 for $4 Million.

The following additional information is available:

Depreciation: 10-year useful life, straight line basis, no residual.

Dec 31, 2018 – Book value (after recording 2018 depreciation): $3,600,000

Dec 31, 2018 – Fair value: $4,500,000  

Dec 31, 2019 – Fair value $3,000,000

The company uses the revaluation model (asset adjustment method) to account for its property, plant and equipment.

Instructions

Assuming the entry for the current year's depreciation has already been recorded, prepare the entr(ies) at:

1. Dec 31, 2018
2. Dec 31, 2019

On January 1, 2018, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2018 and 2019 are as follows: 2018 2019 Cost Retail Cost Retail Beginning inventory $ 42,000 $ 60,000 Net purchases 94,500 118,000 $ 108,108 $ 133,200 Freight-in 3,000 3,500 Net markups 15,000 10,000 Net markdowns 3,000 3,200 Net sales to customers 117,360 119,890 Sales to employees (net of 10% discount) 3,600 6,300 Price Index: January 1, 2018 1.00 December 31, 2018 1.04 December 31, 2019 1.09

Federal Semiconductors issued 8% bonds, dated January 1, with a face amount of $740 million on January 1, 2018. The bonds sold for $671,914,968 and mature on December 31, 2037 (20 years). For bonds of similar risk and maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 (at the effective rate) and interest on December 31, 2018 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2018, balance sheet

On February 1, 2018, Fox Corporation issued 7% bonds dated February 1, 2018, with a face amount of $120,000. The bonds sold for $108,125 and mature in 20 years. The effective interest rate for these bonds was 8%. Interest is paid semiannually on July 31 and January 31. Fox's fiscal year is the calendar year. Fox uses the straight-line method of amortization.

Required: 1. Prepare the journal entry to record the bond issuance on February 1, 2018.

2. Prepare the entry to record interest on July 31, 2018.

3. Prepare the necessary journal entry on December 31, 2018.

4. Prepare the necessary journal entry on January 31, 2019.