Financial Report

Topics: Balance sheet, Tim Hortons, Generally Accepted Accounting Principles Pages: 2 (600 words) Published: January 24, 2013
Financial Report
McDonald’s Vs. Tim Horton’s

McDonald’s and Tim Horton’s are two fast food restaurants that have both been around for many years. Tim Horton’s is a newer business then McDonald’s in which people consider is the “healthier” choice. Tim Horton’s is only in Canada and hasn’t made it into multiple countries yet making the company much smaller. McDonalds is a burger joint with restaurants all over the world. McDonald’s has been around for a very long time spreading greatly and being very successful.

The Income Statement and Balance Sheet from McDonald’s Corp. listed above can also be found at These statements show that over the fallowing years Mcdonalds Assets have gone from 30,000,000,000 in 2010 to almost 33,000,000,000 dollars in 2012. McDonalds Liabilities have gone from a 16,000,000,000 to roughly 18,000,000,000. Although the liabilities have risin, this is counteracted by the assets increasing by a larger amount. Although the equity has only increased by roughly 300,000,000 since 2010, this is still an increasing amout. On the other hand Revenue has gone from 22,000,000,000 to a shocking 27,000,000,000 dollars. This is an increasing number of 5,000,000,000 dollars. Along with the Revenue, the Net Income has increased by 1,000,000,000 since 2010.

Tim Hortons Inc. on the other hand, found at, shows different numbers that makes it more notible that this is a newer company. The Assets increase from 2,000,000,000 in 2010 to roughly 2,500,000,000 in 2012 showing slight improvement. Total liabilities have increased from 800,000,000 to 1,000,000,000 in two years. Equity has lowered since 2011 but has risin since 2010 by 15,000,000. Total net income has also plumeted by 300,000,000 in a year. •A one year comparision graph between McDonalds and Tim Hortons
A 5 year (2008-2012) comparision comparision graph between McDonalds and Tim Hortons
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