the following information for the year ended december 31 2006 was reported by osi re 4375495

The following information for the year ended December 31, 2006, was reported by OSI Restaurant Partners, Inc., that owns and operates Outback Steakhouse and Carrabba’s Italian Grill restaurants. Amounts are in millions of dollars. Other information Cash paid to purchase equipment ………………………………. $ 384 Cash paid to suppliers and employees ………………………….2,578 Cash received from customers …………………………………… 2,946 Cash received from bank borrowings ……………………………. 375 Repayments of bank borrowings ………………………………….. 294 Cash received from sale of fixtures and equipment …………….. 32 Other cash outflows from financing activities …………………… 62 Other cash outflows from investing activities …………………….. 2 Additional investment by owners ……………………………………. 16 Withdrawals (distribution of profits to owners in cash) …………. 39 Required: Prepare the four basic financial statements for 2006: a. Income statement. b. Statement of owners’ equity. c. Balance sheet. d. Statement of cash flows. View Solution:
The following information for the year ended December 31 2006

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