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All work must be shown to receive credit. Please use excel, will give thumbs up for good answer. 2018 2019 ($ millions) BALANCE SHEET: Assets:
All work must be shown to receive credit. Please use excel, will give thumbs up for good answer.
2018 2019 ($ millions) BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Other Current Assets Fixed Assets, net Other Long-Term Assets Total Assets $4,017 8,633 588 2,651 28,406 51.494 $95,789 $4,150 9,334 1,392 1,949 29,540 52,233 $98,598 Liabilities and Equity: Accounts Payable Other Current Liabilities Long-term Debt Other Noncurrent Liabilities Common Stock Retained Earnings Total Liabilities and Equity $6,490 13,105 19,119 12,071 36,248 8,756 $95,789 $6,503 11,257 17,184 10,822 36,779 16,053 $98,598 FY2019 ($ millions) INCOME STATEMENT: Sales Cost of Goods Sold General and Administrative Expenses Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income $59,434 35,737 5,743 3.011 14,943 682 14,261 1.663 $12,598 SUPPLEMENTAL DATA: Average # shares outstanding throughout 2019 Current market price of DIS shares 1,500 million $133.00 per share 35. What was Disney's fixed asset turnover for fiscal 2019? (round to 2 decimal places) For balance sheet accounts, use the average of the beginning-of-year and end-of-year balancesStep by Step Solution
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