Asset Turnover for McDonald's vs the industry; collection
Not what you're looking for?
See attached files.
Some may find this problem a bit vague. It really takes a bit of research to determine Cost of Goods Sold then divide by Average Inventory for the Period. The information should be able to be determined through a combination of the McDonald's 10K report and utilizing yahoo finance. The answer isn't cut and dry. I've attached the 10K report. Clearly where the numbers where found in order to arrive at the answer. The true complexity of this problem lies in being able to read the report and make a conclusion.
Given the attached 10K report from the McDonald's web site and yahoo finance or other finance site determine Total asset Turnover for the Company and the industry as well as the collection period. Comment on what this means for McDonald's.
ASSET MANAGEMENT
FY 2009 FY 2010
Total Asset Turnover:
Company ____ ____
Industry Avg ____ ____
Average Collection Period:
Company ____ ____
Industry Avg ____ ____
COMMENTS ON THE COMPANY'S ASSET MANAGEMENT:
Purchase this Solution
Solution Summary
The solution helps in estimating Asset Turnover for McDonald's versus the industry for the collection period.
Solution Preview
Please see the attached word document.
ASSET MANAGEMENT
2010 2009 Industry Average
Total Asset Turnover:
Sales 24,075 =0.753 22,745 =0.753 1.1
Total Assets 31975 30,224.90
Average Collection Period: ...
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.