USE THE DISNEY 10-K Report.

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 September 28, 2019. Refer to the Weighted average number of common and common equivalent shares outstanding basic 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 2019? Interpret the results of 2019 "above the line" compared to 2018 "above the line" and then 2019 "below the line" and 2018 "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 % of total revenue of 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 2018 to 2019 $ change from 2018 to 2019 you must state whether it is a favorable or unfavorable variance from 2018 to 2019

Cost of services

Selling, general, administration and other

Gross Profit of services

Gross Profit of products