Question
Problem G The Walt Disney Company operates several ranges of products from theme parks and resorts to broadcasting and other creative content. The following balance
Problem G The Walt Disney Company operates several ranges of products from theme parks and resorts to broadcasting and other creative content. The following balance sheet and supplementary data are for The Walt Disney Company.
The Walt Disney Company | |||
Consolidated Balance Sheet (in millions) | |||
For Year Ended September 30 | |||
Assets |
|
|
|
Cash and cash equivalents |
| $ 842 |
|
Receivables |
| 3,599 |
|
Inventories |
| 702 |
|
Film and television costs |
| 1,162 |
|
Other |
| 1,258 |
|
Total current assets |
|
| $ 7,563 |
Film and television costs, prepaid long term |
| 5,339 |
|
Investments |
| 2,270 |
|
Attractions, buildings, and equipment | $16,160 |
|
|
Accumulated depreciation | -6,742 | 9,418 |
|
Project in process |
| 1,995 |
|
Land |
| 597 |
|
Intangibles assets, net |
| 16,117 |
|
Other assets |
| 1,428 |
|
Total Long Term Assets |
|
| 37,164 |
Total Assets |
|
| $ 44,727 |
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
Accounts payable and accrued liabilities |
| $ 5,161 |
|
Current portion of borrowing |
| 2,502 |
|
Unearned royalties |
| 739 |
|
Total current liabilities |
|
| $ 8,402 |
Borrowings |
| 6,959 |
|
Deferred income taxes |
| 2,833 |
|
Other long-term liabilities |
| 2,377 |
|
Minority interest |
| 56 |
|
Total long term liabilities |
|
| 12,225 |
|
|
|
|
Common shareholders' equity |
|
|
|
Common shares ($.01 par value, 1,210,000 avg shares outstanding) |
| 12,100 |
|
Retained earnings |
| 12,767 |
|
Cumulative translation and other adjustments |
| (27) |
|
Treasury shares |
| (740) |
|
Total equity |
| 24,100 | |
Total liabilities and stockholders' equity |
|
| $ 44,727 |
Net income, $920.
Income before interest and taxes, $3,231.
Cost of goods sold, $21,321.
Net sales, $25,402.
Calculate the following ratios and show your computations. For calculations normally involving averages, such as average stockholders' equity, average accounts receivable, and average inventory, use year-end amounts. Disney does not have preferred shareholders or preferred dividends.
Current ratio.
Accounts Receivable
Days Sales Uncollected
Inventory Turnover
Days Sales in Inventory
Debt Ratio
Profit Margin Ratio
Gross Margin Ratio
Return on common stockholders equity
Basic Earnings per share
Analyze each of these ratios.
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