The Walt Disney Companys annual report for the year ended September 29, 2018, includes income statements for
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The Walt Disney Company’s annual report for the year ended September 29, 2018, includes income statements for the years ending in 2016, 2017, and 2018. Net income for these three years is as follows (all in millions): $9,790 (2016), $9,366 (2017) and $13,066 (2018). Further analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $47,130 (2016), $46,843 (2017), and $50,869 (2018). 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 The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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