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Burger King Income Statement And Balance Sheet

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Introduction

Burger King is an American multinational fast food restaurant chain that was founded in 1953. The company is known for its flame-grilled burgers, which are cooked over an open flame. Burger King has over 18,000 restaurants in more than 100 countries worldwide. In this article, we will take a look at the income statement and balance sheet of Burger King.

What is an Income Statement?

Income Statement

An income statement is a financial statement that shows a company's revenues and expenses over a specific period of time. The income statement shows the company's profitability over the period being reported. Burger King's income statement shows the company's revenue, expenses, and net income for the year.

Burger King's Income Statement

Burger King Income Statement

Burger King's income statement for the year shows that the company generated $1.78 billion in revenue. The company's cost of goods sold was $594 million, and its operating expenses were $919 million. Burger King's net income for the year was $236 million.

What is a Balance Sheet?

Balance Sheet

A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. The balance sheet shows the company's financial position at the end of the period being reported. Burger King's balance sheet shows the company's assets, liabilities, and equity at the end of the year.

Burger King's Balance Sheet

Burger King Balance Sheet

Burger King's balance sheet shows that the company had total assets of $3.24 billion at the end of the year. The company's liabilities were $2.35 billion, and its equity was $888 million. Burger King's balance sheet shows that the company has a strong financial position.

Conclusion

In conclusion, Burger King's income statement and balance sheet show that the company is financially strong. The company's revenue, expenses, and net income for the year are all healthy, and the balance sheet shows that the company has a strong financial position. Burger King's success can be attributed to its popular menu items, strong brand, and global presence.

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