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Review the most recent audited financial statements of a publicly traded company - Year ended December 31, 2017. Tell what you learned about the company.

Review the most recent audited financial statements of a publicly traded company - Year ended December 31, 2017. Tell what you learned about the company. Tell how the company performed. Based on the information in the statements and other information about the company, how would you assess their financial condition and financial future?

For example:

The publicly traded company I chose is the Walt Disney Company (DIS). I chose this company for one of two reasons, one I love Disney and was able to travel there early this year and second is because I thought it would be extremely interesting to see their financial statements and compare them to years past.

One thing interesting I found out was that Disney was made public back in 1957 and sold their first shares for only $13.88. It now sells for $110.87. In December of 2017 it sold for $108.05 and in December of 2016, it was $101.79.

Their performance level this year has declined when it comes to their gross profit and total revenues have decreased. In the year ending of 2017 their gross profit was $24,946,000 and in 2016 it was $25,741,000. Their net income has also dropped from $9.3 million in 2016 to $8.9 million in 2017.

As for their future, this could have been a tough year for multiple reasons, however, I do believe that Disney will continue to flourish in their upcoming years and that in years to come we will see a gradual rise in upcoming years like we have seen in the past.

https://finance.yahoo.com/quote/DIS/

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