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August 1, 2014

August 1, 2014

Posted by **p** on Friday, August 28, 2009 at 7:20pm.

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**Ms. Sue**, Friday, August 28, 2009 at 7:25pmAccording to

*Value Line Investment Survey*, MCD net profit for 2002 was $1692 million.

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**p**, Friday, August 28, 2009 at 7:31pmThank you let me repharse the question according to the website what was McDonalds total profit in 2002 I cant find this

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**Ms. Sue**, Friday, August 28, 2009 at 7:46pmYou can probably find it here.

http://www.aboutmcdonalds.com/mcd/investors/publications/annual_report_archives/2002_annual_report.html

- math -
**MathMate**, Friday, August 28, 2009 at 7:49pmOr you can find it here:

http://www.valueline.com/dow30/f5707.pdf

Look under 2002 and the row for "**net**profits".

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**MathMate**, Friday, August 28, 2009 at 8:12pmIn Ms Sue's link, the summary annual report shows a net profit of 893 millions, with notes 1 and 5 indicating the inclusion of 700 million after tax operating charge and 98.6 million after tax charge to reflect intangible assets.

That brings the total to 1692 millions which corresponds to the Valueline figure.

Exactly which number to adopt will depend on accounting practices and the context of the question.

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**Ms. Sue**, Friday, August 28, 2009 at 8:20pmThanks, MathMate. I didn't know how to explain the discrepancies in numbers.

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**MathMate**, Friday, August 28, 2009 at 10:08pmThanks Ms Sue for finding the two links. I wouldn't have known where to start!

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