160 likes | 290 Views
Adjusting Enterprise Operations: McDonald’s. Brian Gitschier Module 11. Company Snapshot. Quick Service Restaurant 34,480 restaurants in 119 countries 69 million customers daily Revenue: 27.6 Billion. Inventory. McDonald’s 2013 = $123.7 Million Held “at cost, not in excess of market”
E N D
Adjusting Enterprise Operations: McDonald’s Brian Gitschier Module 11
Company Snapshot • Quick Service Restaurant • 34,480 restaurants in 119 countries • 69 million customers daily • Revenue: 27.6 Billion
Inventory • McDonald’s 2013 = $123.7 Million • Held “at cost, not in excess of market” • Restaurant Industry FIFO • Total Current Assets = $5,050.1 Million • 2.45% • Total Assets = $36,626.3 Million • 0.34%
Leases • McDonald’s Accounts for all Leases as Operating Leases
Adjustments to the Balance Sheet • NEA – increase by $9,138 • 33% • NFL – increase by $9,138 • 75% • Equity – unchanged
Adjustment to Income Statement • EPAT – increase by $504.69 • FEAT – increase by $449.04 • Net Income Increase by $55.64 • 1%
Value of Option Exercisable at Beginning of Year Using End of Year Prices
Share Based Compensation • Adjustments: