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Research Assignment Finding real-world accounting information This chapter introduced the basic four financial statements companies use annually to keep their stakeholders informed of their accomplishments and financial situation. Complete the requirements below using the most recent (20xx) financial statements available on the McDonald Corporation’s website. Obtain the statements on the Internet by following the steps below. (The formatting of the company’s website may have changed since these instructions were written.) 1. Go to www.mcdonalds.com. 2. Click on the “Corporate” link at the bottom of the page. (Most companies have a link titled “investors relations” that leads to their financial statements; McDonald’s uses “corporate” instead.) 3. Click on the “INVESTORS” link at the top of the page. 4. Click on “McDonald’s 20xx Annual Report” and then on “20xx Financial Report.” 5. Go to the company’s financial statements that begin on page 45 of the annual report. Required a. What was the company’s net income in each of the last 3 years? b. What amount of total assets did the company have at the end of the most recent year? c. How much retained earnings did the company have at the end of the most recent year? d. For the most recent year, what was the company’s cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities?
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