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Analyze the following income statements for Walt Disney Company for the years ended September 30, 2022, and 2021. Walt Disney Company 2022 2021 Sales $82,722
Analyze the following income statements for Walt Disney Company for the years ended September 30, 2022, and 2021.
Walt Disney Company | 2022 | 2021 |
Sales | $82,722 | $67,418 |
Cost of Goods Sold | $44,511 | $36,248 |
Gross Profit | $38,211 | $31,170 |
Operating Expenses | $19,683 | $17,724 |
Net Income | $11,364 | $9,391 |
Requirements:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Discuss the changes in profitability for Walt Disney Company from 2021 to 2022.
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