Discuss how disney that manage their working capital well stay healthy. Working Capital Interpretation: Use the correct formula to calculate working capital. Then discuss the businesss current financial liquidity position. For example, does the business have enough working capital ready to address bills to suppliers? Will there be potential cash inflow at the end of the year?

Disney (Walt) Co. (The) (NYS: DIS) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|l|}{ Exchange rate used is that of the Year End reported date } \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \multicolumn{7}{|l|}{ As Reported Quarterly Balance Sheet } \\ \hline \multirow[t]{2}{*}{ Report Date } & 07/01/2023 & 04/01/2023 & 12/31/2022 & 07/02/2022 & 04/02/2022 & 01/01/2022 \\ \hline & 3rd Quarter & 2nd Quarter & 1st Quarter & 3rd Quarter & 2nd Quarter & 1st Quarter \\ \hline Currency & USD & USD & USD & USD & USD & USD \\ \hline Audit Status & Unaudited & Unaudited & Unaudited & Unaudited & Unaudited & Unaudited \\ \hline Consolidated & Yes & Yes & Yes & Yes & Yes & Yes \\ \hline Scale & Millions & Millions & Millions & Millions & Millions & Millions \\ \hline Cash \& cash equivalents & 11458 & 10399 & 8470 & 12959 & 13272 & 14444 \\ \hline Receivables, net & 13112 & 12770 & 13993 & 13685 & 13746 & 14882 \\ \hline Inventories & 1900 & 1848 & 1830 & 1590 & 1428 & 1345 \\ \hline Content advances & 2369 & 1872 & 1300 & 1902 & 1796 & 1125 \\ \hline Licensed content costs \& advances & - & - & - & - & - & - \\ \hline Other current assets & 1335 & 1374 & 1319 & 1286 & 1185 & 1117 \\ \hline Total current assets & 30174 & 28263 & 26912 & 31422 & 31427 & 32913 \\ \hline Produced \& licensed content costs & 34607 & 36949 & 36266 & 34077 & 32349 & 30669 \\ \hline Investments & 3062 & 3387 & 3169 & 3236 & 3356 & 3549 \\ \hline Parks, resorts \& other property - attractions, buildings \& equif & 69819 & 69695 & 68253 & 65599 & 65247 & 65257 \\ \hline Parks, resorts \& other property - accumulated depreciation - a & 42112 & 41452 & 40641 & 39089 & 38783 & 38505 \\ \hline Parks, resorts \& other property before projects in progress \& I & 27707 & 28243 & 27612 & 26510 & 26464 & 26752 \\ \hline Parks, resorts \& other property - projects in progress & 5689 & 5175 & 5430 & 5956 & 5327 & 4808 \\ \hline Parks, resorts \& other property - land & 1181 & 1161 & 1158 & 1117 & 1126 & 1121 \\ \hline Parks, resorts \& other property, net & 34577 & 34579 & 34200 & 33583 & 32917 & 32681 \\ \hline Intangible assets, net & 13478 & 13887 & 14347 & 15334 & 15875 & 16574 \\ \hline Goodwill & 77881 & 77878 & 77867 & 77945 & 78019 & 78052 \\ \hline Other assets & 10004 & 9915 & 9363 & 8477 & 8510 & 8873 \\ \hline Total assets & 203783 & 204858 & 202124 & 204074 & 202453 & 203311 \\ \hline Accounts payable \& other accrued liabilities & 19115 & 18591 & 18149 & 20858 & 19669 & 18709 \\ \hline Current portion of borrowings & 2645 & 3452 & 3249 & 5580 & 5399 & 6783 \\ \hline Deferred revenue \& other current liabilities & 6474 & 6013 & 5672 & 4266 & 4533 & 4545 \\ \hline Total current liabilities & 28234 & 28056 & 27070 & 30704 & 29601 & 30037 \\ \hline Borrowings & 44544 & 45066 & 45128 & 46022 & 46624 & 47349 \\ \hline Deferred income taxes & 7304 & 8134 & 8236 & 8034 & 8407 & 8124 \\ \hline Other long-term liabilities & 12759 & 13232 & 12812 & 13456 & 13808 & 14208 \\ \hline Redeemable noncontrolling interests & 8886 & 8814 & 8743 & 9425 & 9354 & 9283 \\ \hline Common stock & 57136 & 56919 & 56579 & 56087 & 55823 & 55500 \\ \hline Retained earnings (accumulated deficit) & 45794 & 46236 & 44955 & 43462 & 42032 & 41547 \\ \hline Market value adjustments for hedges & 11 & 1 & 83 & 396 & - & -60 \\ \hline Market value adjustments & - & - & - & - & -32 & - \\ \hline Unrecognized pension \& postretirement medical expense & -2811 & -2812 & -2868 & -4979 & -5098 & -5217 \\ \hline Foreign currency translation \& other accumulated comprehens & -1613 & -1578 & -1693 & -1559 & -1182 & -999 \\ \hline Accumulated other comprehensive income (loss) & -4413 & -4389 & -4478 & -6142 & -6312 & -6276 \\ \hline Treasury stock, at cost & 907 & 907 & 907 & 907 & 907 & 907 \\ \hline Total Disney (Walt) Co. shareholders' equity & 97610 & 97859 & 96149 & 92500 & 90636 & 89864 \\ \hline Noncontrolling interests & 4446 & 3697 & 3986 & 3933 & 4023 & 4446 \\ \hline Total equity & 102056 & 101556 & 100135 & 96433 & 94659 & 94310 \\ \hline \end{tabular}