summarize: Historical ratio analysis can determine an organization's financial strengths and weaknesses, which is essential in formulating strategies for business growth. A firm's liquidity, leverage, working capital, profitability, asset utilization, cash flow, and equity can impact existing strategies and influence strategy-implementation plans (David et al., 2020). The historical analysis will focus on tracking the performance of The Walt Disney Company over the last two fiscal years. Beginning with liquidity measures, The Walt Disney Company displays the capability to cover its upcoming financial obligations. The current ratio of 1.05 and quick ratio of 0.99 for both of the last two respective fiscal years are indicators that The Walt Disney Company can utilize either current assets or quick assets like cash, accounts receivable, notes receivable, and short-term securities to meet current liabilities (Boslaugh, 2022). This allows for increased financial flexibility in whether the firm wants to take on additional debt to fund operations or positive investments. In addition, these ratios have remained unchanged over the last two years with increases in the cash and equivalents, and the short-term investment line items indicating a positive return on the debt (The Walt Disney Company, 2023)