Walt Disney Company Comparative Financial Statements

Income Statement for Years Ended December 31, 2021, 2022, 2023

• Revenue: $73,115, $76,211, $79,425
• Cost of Revenue: $42,892, $44,316, $45,679
• Gross Profit: $30,223, $31,895, $33,746
• Operating Expenses: $20,712, $21,265, $22,156
• Operating Income: $9,511, $10,630, $11,590
• Interest Expense: $2,365, $2,389, $2,412
• Income Before Tax: $7,146, $8,241, $9,178
• Income Tax Expense: $1,500, $1,710, $1,906
• Net Income: $5,646, $6,531, $7,272

Balance Sheet as of December 31, 2021, 2022, 2023

• Assets
  • Current Assets: $27,915, $29,346, $30,752
  • Property, Plant, Equipment, Net: $66,890, $69,825, $72,903
  • Intangible Assets: $45,703, $47,563, $49,372
  • Total Assets: $140,508, $146,734, $153,027
• Liabilities and Equity
  • Current Liabilities: $20,684, $21,563, $22,457
  • Long-Term Debt: $60,352, $61,025, $62,734
  • Shareholders' Equity: $59,472, $64,146, $67,836
  • Total Liabilities and Equity: $140,508, $146,734, $153,027

Requirements

1. Compute the gross profit margin for each year.
2. Determine the operating income as a percentage of revenue for each year.
3. Calculate the interest coverage ratio for each year.
4. Assess the quick ratio for each year.