Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include Tim Horton's, Burger King, and Popeyes. Dine Brands Global, Inc. (DIN) franchises and operates the Applebee's and IHOP restaurant brands. Selected financial statement information for a recent year for both companies follows (in millions): Restaurant Dine Brands Operating expenses Depreciation expense Cash (end-of-year balance) Brands $3,860 $635 201 11 1,087 361 a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Restaurant Brands Dine Brands Days' Cash on Hand 108.4 days 211.2 days b. Which company appears to have the stronger cash liquidity position? Dine Brands
Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include Tim Horton's, Burger King, and Popeyes. Dine Brands Global, Inc. (DIN) franchises and operates the Applebee's and IHOP restaurant brands. Selected financial statement information for a recent year for both companies follows (in millions): Restaurant Dine Brands Operating expenses Depreciation expense Cash (end-of-year balance) Brands $3,860 $635 201 11 1,087 361 a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Restaurant Brands Dine Brands Days' Cash on Hand 108.4 days 211.2 days b. Which company appears to have the stronger cash liquidity position? Dine Brands
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter11: Liabilities: Bonds Payable
Section: Chapter Questions
Problem 4MAD: Analyze and compare Hilton and Marriott Hilton Worldwide Holdings, Inc. (HLT) and Marriott...
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