Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show work as necessary and please be neat 18. The fiscal year-end 2016 financial statements for Walt Disney Co. report revenues of $55,632 million, net

show work as necessary and please be neat
image text in transcribed
18. The fiscal year-end 2016 financial statements for Walt Disney Co. report revenues of $55,632 million, net operating profit after tax of $9,954 million, net operating assets of $58,603 million, The fiscal year- Walt Disney's 2016 net operating profit margin is: A) 16.9% B) 12.5% C) 17.9% D) 11,7% E) There is not enough information to calculate the ratio. end 2015 balance sheet reports net operating assets of $59,079 million. 19. The current ratio is used to assess: A) Solvency B) Bankruptcy position C) Liquidity D) Financial leverage E) None of the above 20. Selected ratios follow for Nike, Inc. for the year ended December 31, 2016 (in millions). What is the company's return on equity (ROE) for the year? Net operating profit margin (NOPM) Profit Margin (PM) Return on net operating assets (RNOA) Asset turnover (AT). Financial leverage (FL) 43.6% 11.6% 11.4% 1.51 1.72 A) 13.1% B) 32.2% C) 17.5% D) 30.1% E) None of the above 21. Selected balance sheet income statement data follow for Whole Foods Market, Inc. for the year ended September 25, 2016 (in millions). Use the data to calculate the company's current ratio and quick ratio Cash and cash equivalents Short-term investments Accounts Restricted cash Merchandise inventories Current assets Current liabilities receivable $351 $379 $122 V $517 $242 $1,975 $1,341

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Financial Accounting Concepts

Authors: Thomas P. Edmonds

11th Edition

1260786587, 9781260786583

More Books

Students also viewed these Accounting questions

Question

1. Offer surprise rewards for good participation in class.

Answered: 1 week ago

Question

2. It is the results achieved that are important.

Answered: 1 week ago