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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:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Discuss the changes in profitability for Walt Disney Company from 2021 to 2022.

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