Spelling Entertainment, which produces films and videos and other entertainment media, lists the following items in its

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Spelling Entertainment, which produces films and videos and other entertainment media, lists the following items in its 1994 annual report (dollars in thousands):

1994 1993 1992 1991 Property, plant, and equipment net $ 16,161 $ 4,770 $ 4,834 $ 6,331 Other assets 19,678 4,562 6,512 13,879 Net assets held for disposition 0 0 0 16,475 Intangibles, net of accumulated amortization of $17,671,

$10,527, $6,713 and

$2,626 400,751 1,549,983 159,291 154,946 Revenues $599,839 $ 274,899 $257,546 $122,748 Operating income 50,743 39,727 25,315 13,987 Required Part I

a. Describe each of Spelling’s non-current assets.

b. Identify any unusual trends or unusual terms.

c. Calculate fixed asset turnover for 1993 and 1994. Use property, plant, and equipment, net.

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Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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