The Walt Disney Company's annual report for the year ended October 3, 2015, includes income statements for

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The Walt Disney Company's annual report for the year ended October 3, 2015, includes income statements for the years ending in 2013, 2014, and 2015. Net income for these three years is as follows (all in millions): $6,136 (2013), $7,501 (2014), and $8,382 (2015). Further analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $45,041 (2013), $48,813 (2014), and $52,465 (2015). State each year's net income as a percentage of revenues and comment briefly on the trend you see over the three-year period.
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Financial And Managerial Accounting

ISBN: 12

14th International Edition

Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka

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