Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

All work must be shown to receive credit. Please use excel, will give thumbs up for good answer. 2018 2019 ($ millions) BALANCE SHEET: Assets:

image text in transcribed

image text in transcribed

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 balances

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions