财务4班麦当劳公司2011年财务分析报告第9组.doc

TITLE：The Analysis Of McDonalds Financial Statements TEAM MEMBERS: Group Nine CONENTS PARTI 1.Background 3 PART II 2.1 Products 4 2.2 Descriptive Analysis 5 2.3 Competition 5 PART III Financial Analysis Report 6 3.Short-time Solvency Analysis 6 3.1 Analysis of Current Assets 6 3.1.1 Cash 6 3.1.2 Accounts Receivable 7 3.1.3 Inventory 7 3.2 Analysis of The Current Liabilities 8 3.2.1 Accounts Payable 8 3.3 Analysis of Ratios 9 3.3.1 Working Capital 9 3.3.2 Current Ratio 10 3.3.3 Quick Ratio 11 3.3.4 Cash Ratio 12 3.3.5 Common-Size Analysis(Vertical and Horizontal) 12 3.4 Business Capability Analysis 14 3.4.1 Accounts receivable turnover ratio 14 3.4.2 Inventory turnover 14 3.4.3 Mobile asset turnover 14 3.4.4 Total asset turnover 15 3.4.5 Management expense ratio change 15 3.4.6 Financial expenses rate of change 15 3.4.7 Operating expense ratio change 15 3.5 Profitability Analysis 16 3.5.1 Gross margin 16 3.5.2 OPE 16 3.5.3 Earnings per share 17 3.5.4 Roe 17 3.6 Analysis of the companys growth 18 3.6.1Main business revenue growth rate 18 3.6.2Main business profit growth rate 18 3.6.3Net profit growth rate 18 3.6.4Capital growth rate 19 PART IV Preliminary evaluation of operation of the Company 19 PART V Appendix 19 Balance Sheet 19 Income Statement 22 Cash Flow 24 The Analysis Of McDonalds Financial Statements PARTI 1.Background McDonalds is the worlds largest fast food chain enterprise.From 1955 the McDonald brothers and ray , founder of the Illinois opened its first restaurant in the United States today, it is in 121 countries and regions around the world have opened more than 32000 restaurants, global sales of more than $40 billion.McDonalds corporate headquarters is located in the United States, Illinois, is an international company with billions of dollars of assets, McDonalds restaurants all over hundred countries on six continents around the world. McDonald抯 is to sell burger chain operation ,