a. Using 2006 as the base, prepare a horizontal common-size analysis for the following: (prepare by segment)
Question:
a. Using 2006 as the base, prepare a horizontal common-size analysis for the following: (prepare by segment)
1. Operating revenues
2. Operating income (loss)
3. Depreciation, amortization, and asset impairment charges
4. Identifiable assets
5. Capital expenditures
b. Comment on each of the horizontal common-size in (a).
*‘‘The Company is a leading international news and information company.'' 10-K
(1)Corporate amounts represent those not directly related to the company's three business segments.
(2)Results for 2008 include pretax noncash asset impairment and other charges of $7.95 billion for publishing, $15 million for digital, $8 million for broadcasting, and $1 million for corporate. Results for 2007 include pretax noncash intangible asset impairment charges of $72.0 million for publishing. The asset impairment charges did not affect the company's operations or cash flow. Refer to Notes 3 and 4 of the Consolidated Financial Statements for moreinformation.
Step by Step Answer:
Financial Reporting And Analysis Using Financial Accounting Information
ISBN: 139
12th Edition
Authors: Charles H Gibson