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Business, 30.10.2019 22:31 robbyd47

The following table shows an abbreviated income statement and balance sheet for quick burger corporation for 2016.income statement of quick burger corp., 2016(figures in $ millions)net sales $ 27,574 costs 17,576 depreciation 1,409 earnings before interest and taxes (ebit) $ 8,589 interest expense 524 pretax income 8,065 taxes 2,628 net income $ 5,437 balance sheet of quick burger corp., 2016(figures in $ millions) assets 2016 2015 liabilities and shareholders' equity 2016 2015 current assets current liabilities cash and marketable securities 2,343 2,343 debt due for repayment — 388 receivables 1,382 1,342 accounts payable 3,410 3,150 inventories 129 124 total current liabilities 3,410 3,538 other current assets 1,096 623 total current assets 4,950 4,432 fixed assets long-term debt 13,640 12,141 property, plant, and equipment 24,684 22,842 other long-term liabilities 3,064 2,964 intangible assets (goodwill) 2,811 2,660 total liabilities 20,114 18,643 other long-term assets 2,990 3,106 total shareholders’ equity 15,321 14,397 total assets 35,435 33,040 total liabilities and shareholders’ equity 35,435 33,040 in 2016 quick burger had capital expenditures of $3,056.a. calculate quick burger’s free cash flow in 2016. (enter your answer in millions.)b. if quick burger was financed entirely by equity, how much more tax would the companyhave paid? (do not round intermediate calculations. enter your answer in millions rounded to 2 decimal places.)c. what would the company’s free cash flow have been if it was all-equity financed?

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