what was the total profit in 2002 for McDonalds
math - Ms. Sue, Friday, August 28, 2009 at 7:25pm
According to Value Line Investment Survey, MCD net profit for 2002 was $1692 million.
math - p, Friday, August 28, 2009 at 7:31pm
Thank you let me repharse the question according to the website what was McDonalds total profit in 2002 I cant find this
math - Ms. Sue, Friday, August 28, 2009 at 7:46pm
You can probably find it here.
math - MathMate, Friday, August 28, 2009 at 7:49pm
Or you can find it here:
Look under 2002 and the row for "net profits".
math - MathMate, Friday, August 28, 2009 at 8:12pm
In 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.
math - Ms. Sue, Friday, August 28, 2009 at 8:20pm
Thanks, MathMate. I didn't know how to explain the discrepancies in numbers.
math - MathMate, Friday, August 28, 2009 at 10:08pm
Thanks Ms Sue for finding the two links. I wouldn't have known where to start!