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    Asset Turnover for McDonald's vs the industry; collection

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    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:

    © BrainMass Inc. brainmass.com October 10, 2019, 3:31 am ad1c9bdddf
    https://brainmass.com/business/dividends-stock-repurchase-and-policy/asset-turnover-mcdonalds-versus-industry-collection-423674

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    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: ...

    Solution Summary

    The solution helps in estimating Asset Turnover for McDonald's versus the industry for the collection period.

    $2.19