Below are the financial statements for two firms, Time Warner and Walt Disney, for 2012 and 2013.

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Below are the financial statements for two firms, Time Warner and Walt Disney, for 2012 and 2013.

a. How did Time Warner's profit margins change from 2012 to 2013? To what would you attribute the differences? Answer the same question for Disney.

b. Compare the profit margins between Time Warner and Disney. How are they different? How would you explain these differences?

c. What differences do you notice in the common-sized balance sheets that might

indicate that one of the firms is doing better than the other?

Below are the financial statements for two firms, Time Warner

Time Warner, Inc. Balance Sheet and Common-Sized Balance Sheet for Years Ending December 31, 2012 and December 31, 2013 ($ millions)

Below are the financial statements for two firms, Time Warner

Walt Disney Co. Annual Income Statement for Years Ending September 28, 2012 and September 29, 2013 (in $ millions except earnings per share)

Below are the financial statements for two firms, Time Warner

Walt Disney Co. Balance Sheet for Years Ending September 28, 2012 and September 29, 2013 ($ millions)

Below are the financial statements for two firms, Time Warner


Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Foundations Of Finance

ISBN: 9780134083285

9th Edition

Authors: Arthur J. Keown, John H. Martin, J. William Petty

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