The Walt Disney Company operates several ranges of products from theme parks and resorts to broadcasting and other creative content. The following balance sheet and supplementary data are for The Walt Disney Company for 1996.

1. Net income \(\$ 1,214\).
2. Income before interest and taxes, \(\$ 2,499\).
3. Cost of goods sold, \(\$ 15,406\).
4. Net sales, \(\$ 18,739\).
5. Inventory on September \(30,1995, \$ 824\).
6. Total interest expense for the year, \(\$ 438\).
Required Calculate the following ratios and show your computations. For calculations normally involving averages, such as average stockholders' equity, use year-end amounts unless the necessary information is provided.

a. Current ratio.

b. Net income to average common stockholders' equity.

c. Inventory turnover.

d. Number of days' sales in accounts receivable (assume 365 days in 1996).

e. EPS of common stock (ignore treasury stock).

f. Times interest earned ratio.
g. Equity ratio.
h. Net income to net sales.
i. Total assets turnover j. Acid-test ratio

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THE WALT DISNEY COMPANY Consolidated Balance Sheet For September 30, 1996 (in millions) Cash and cash equivalents. Investments Receivables Inventories Total current assets Assets Film and television costs Theme Parks, Resorts, and other property, at cost Attractions, buildings and equipment Accumulated depreciation. Projects in process Land... Intangible Assets, net Other Assets Total Assets. 278 454 3,343 951 $ 5,026 3,912 $11,019 (4,448) 6,571 1,342 118 17,978 2,359 $37,306