USE THE DISNEY 10-K PROVIDED IN THIS WEEK'S MODULE.

1.State the calculation for market cap (Hint: it's in the book Chapter 2 under "The Many Methods of Valuation" or you may Google it). Then calculate market cap for Walt Disney Company at October, 2020. Refer to theWeighted average number of common and common equivalent shares outstandingbasic not diluted (abbreviated in millions) found in the footnotes to the financial statements.You must provide the details of the calculation.

2. What are the components of "above the line" and "below the line" (hint: it is not just accounts but also totals and/or subtotals) for 2020?Interpret the results of 2020 "above the line" compared to 2019 "above the line" and then 2020 "below the line" and 2019 "below the line".150 words MAX.

3. Summarize in your own words the revenue recognition policy of Disney.

4.The body of the 10-K talks about segments.What are the major segments of Walt Disney Company?Calculate the % oftotal revenueof each the segments.

5.Using the Disney financial statements, calculate the variance for the balances listed below (some are clearly stated and some you might have to calculate).The answer must include:

% change from 2019 to 2020

$ changefrom 2019 to 2020

you must state whether it is a favorable or unfavorable variance from 2019 to 2020

Cost of services

Selling, general, administration and other

Gross Profit of services

Gross Profit of products