Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can I please get the ratios and the calculation to get them. The years are 2019 & 2018. I attached all the financial statements I
Can I please get the ratios and the calculation to get them. The years are 2019 & 2018. I attached all the financial statements I was provided.
Corporation Solvency and Profitability Analysis* 201_201 Fiscal Years Ended Solvency Ratios: Working Capital Current Ratio Quick Ratio Accounts Receivable Turnover Number of Days Sales in Receivables (Average Collection Period) Inventory Turnover Number of Days Sales in Merchandise Inventory Ratio of Fixed (Plant) Assets to Long-Term Liabilities Ratio of Liabilities to Stockholders' Equity (1) Number of Times Interest Charges Earned Profitability Ratios: Return on Average Stockholders' Equity Gross Margin Earnings Per Share on Common Stock Price Earnings Ratio CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data) 2019 2018 2017 $ 60,542 9,028 69,570 50,869 8,565 59,434 46,843 8,294 55,137 Revenues: Services Products Total revenues Costs and expenses: Cost of services (exclusive of depreciation and amortization) Cost of products (exclusive of depreciation and amortization) Selling, general, administrative and other Depreciation and amortization Total costs and expenses Restructuring and impairment charges Other income, net Interest expense, net Equity in the income (loss) of investees, net Income from continuing operations before income taxes Income taxes from continuing operations Net income from continuing operations Income from discontinued operations includes income tax expense of $35, $0 and $0, respectively) Net income Less: Net income from continuing operations attributable to noncontrolling and redeemable noncontrolling interests Less: Net income from discontinued operations attributable to noncontrolling interests Net income attributable to The Walt Disney Company (Disney) (36,450) (5,568) (11,541) (4,160) (57,719) (1,183) 4,357 (978) (103) 13,944 (27,528) (5.198) (8,860) (3,011) (44,597) (33) 601 (574) (102) 14,729 (1,663) 13,066 (25,320) (4,986) (8,176) (2,782) (41.264) (98) 78 (385) 320 13,788 (4,422) 9,366 (3,031) 10,913 671 11,584 13,066 9,366 (472) (468) (386) (58) $ 11,054 12,598 $ 8,980 Earnings per share attributable to Disney: Diluted) Continuing operations Discontinued operations 6.27 $ $ 5.69 0.37 8.36 - 8.36 s 6.64 6.64 8:36 5 5.69 5.69 Basic) 8.40 S 5.73 Continuing operations Discontinued operations 6.30 0.37 $ 8.40 $ 5.73 Weighted average number of common and common equivalent shares outstanding: Diluted Basic 1,666 1,507 1,656 1,59 1,578 1,568 1,499 1.568 " Total may not equal the sum of the column due to rounding. See Notes to Consolidated Financial Statements CONSOLIDATED BALANCE SHEETS (in millions, except per share data) September 28, 2019 September 29, 2018 S ASSETS Current assets Cash and cash equivalents Receivables Inventories Television costs and advances Other current assets Total current assets Film and television costs Investments Parks, resorts and other property Attractions, buildings and equipment Accumulated depreciation 5,418 15,481 1,649 4,597 979 4,150 9,334 1,392 1,314 635 28,124 22,810 3,224 16,825 7,888 2,899 55,238 (30,764) 24,474 3,942 Projects in progress Land 1.124 58,589 (32,415) 26,174 4,264 1,165 31,603 23,215 80,293 4,715 193,984 Intangible assets, net Goodwill 29,540 6,812 31,269 3,365 98,598 Other assets $ 5 Total assets LIABILITIES AND EQUITY Current liabilities Accounts payable and other accrued liabilities Current portion of borrowings Deferred revenue and other Total current liabilities $ 17,762 8,857 4,722 31,341 9,479 3,790 4,591 17,860 LIABILITIES AND EQUITY $ 17,762 8,857 4,722 31,341 38,129 7,902 13,760 9,479 3,790 4,591 17,860 17,084 3,109 6,590 8,963 1,123 Current liabilities Accounts payable and other accrued liabilities Current portion of borrowings Deferred revenue and other Total current liabilities Borrowings Deferred income taxes Other long-term liabilities Commitments and contingencies (Note 15) Redeemable noncontrolling interests Equity Preferred stock Common stock, S.01 par value, Authorized - 4.6 billion shares, Issued - 1.8 billion shares at September 28, 2019 and 2.9 billion shares at September 29, 2018 Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 19 million shares at September 28, 2019 and 1.4 billion shares at September 29, 2018 Total Disney Shareholders' equity Noncontrolling interests Total equity Total liabilities and equity 53,907 42,494 (6,617) (907) 88,877 5,012 36,779 82,679 (3,097) (67,588) 48,773 4,059 52,832 98,598 93,889 193,984 CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) 2019 2018 2017 $ OPERATING ACTIVITIES Net income from continuing operations Depreciation and amortization Gain on acquisitions and dispositions Deferred income taxes Equity in the income) / loss of investees Cash distributions received from equity investees Net change in film and television costs and advances Equity-based compensation Other Changes in operating assets and liabilities, net of business acquisitions: Receivables Inventories Other assets Accounts payable and other accrued liabilities Income taxes Cash provided by operations - continuing operations 10,913 4,160 (4,794) 117 103 754 (542) 711 206 13,066 3,011 (560) (1,573) 102 775 (523) 393 441 9,366 2,782 (289) 334 (320) 788 (1,075) 364 503 (720) (17) 107 (927) (223) 932 191 (6,599) 5,984 235 (52) (368) 208 12,343 592 14,295 INVESTING ACTIVITIES Investments in parks, resorts and other property Acquisitions (4,876) (9,901) (319) (15,096) (4,465) (1,581) 710 (5,336) (3,623) (417) (71) (4,111) Other Cash used in investing activities - continuing operations FINANCING ACTIVITIES Commercial paper borrowings/(payments), net Borrowings 4,318 29 220 (1,768) 1,056 1,247 4,820 38,240 (38,881) (2,895) 1,056 (1,871) (2,515) (3,577) 210 399 4,820 (2,364) (2,445) (9,368) 276 17 318 Borrowings Reduction of borrowings Dividends Repurchases of common stock Proceeds from exercise of stock options Contributions from / sales of noncontrolling interests Acquisition of noncontrolling and redeemable noncontrolling interests Other Cash used in financing activities - continuing operations CASH FLOWS FROM DISCONTINUED OPERATIONS Cash provided by operations - discontinued operations Cash provided by investing activities - discontinued operations Cash used in financing activities - discontinued operations Cash used in discontinued operations 737 (1,430) (871) (464) (777) (8.843) (1,142) (8,959) 622 10,978 (626) 10,974 (98) (25) 91 Impact of exchange rates on cash, cash equivalents and restricted cash Change in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, beginning of year Cash, cash equivalents and restricted cash, end of year Supplemental disclosure of cash flow information: Interest paid Income taxes paid 1,300 4,155 5,455 (696) 4,760 4,064 4,155 S S S 4,064 1,142 631 S 466 9,259 2,503 3,801Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started