Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Q1) Reading and Interpreting a Balance Sheet

A recent balance sheet for Walt Disney Company is provided below.

Walt Disney Company
Consolidated Balance Sheet
(In millions, except per share data)
 
 
Sep-30
2004
2003
Assets
 
 
Current Assets
$2,042
$1,583
Cash and cash equivalents
4,558
4,238
Receivables
775
703
Inventories
484
568
Television costs(current)
1,510
1,222
Other assets
9,369
8,314
Film and television costs
5,938
6,205
Investments
1,292
1,849
Parks, resorts and other property, at cost
 
 
Attractions, buildings and equipment
28,147
21,472
Accumulated deprecation
(11665)
(8794)
 
16,482
12,678
Intangible assets ,net
19,781
19,752
Other assets
1,040
1,190
Total assets
$53,902
$49,988
Liabilities and Stock holders' Equity
 
 
Current Liabilities
 
 
Accounts payable and other accured liabilities
$5,623
$5,044
Current portion of borrowings
4,093
2,457
Unearned royalties and other advances
1,343
1,168
Total current liabilities
11,059
8,669
Borrowings
9,395
10,643
Other noncurrent liabilities Minority
6,569
6,457
Minority interests
798
428
Stockholders' Equity
 
 
Common Stock
12,447
12,154
Retained earnings
15,732
13,817
Adjustments
(2,098)
(2,180)
Total stockholders' equity
26,081
23,791
Total Liabilities and stockholders' equity
$53,902
$49,988

a. Do you agree that Walt Disney's balance sheet is both classified and comparative? Describe why or why not?

b. At year-end 2004, compute percentage of total assets was composed of current assets? Had this percentage increased or decreased since year-end 2003?

c. What was Disney's amount of working capital at year-end 2004? Did it change significantly?

d. find out working capital ratio at year-end 2004 and year-end 2003. Did it improve or deteriorate between 2003 and 2004?

e. Film and television costs are amount paid to make movies or television shows. Describe why it appears in two places on the balance sheet.

f. What were amounts of total assets, total liabilities, and stockholder's equity at year-end 2004 and year-end 2003?

g. Did Disney's overall financial position improve between 2003 and 2004? Describe.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M920607

Have any Question? 


Related Questions in Accounting Basics

Discussion questions 1 and 2dq 1accounting cyclefinancial

Discussion Questions 1 and 2 DQ #1:Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different comp ...

How much did you borrow for your house if your monthly

How much did you borrow for your house if your monthly mortgage payment for a 30 year mortgage at 6.65% APR is $1,600?? A $218,080 B $202,503 C $186,926 D $233,658 E $249,235 F $264,812 Shady Rack Inchas a bond outstandi ...

Question 1under the allowance method bad debt expense is

Question 1 Under the allowance method, Bad Debt Expense is recorded A. as an estimate. B. when an individual account is written off. C. several times during the year as needed. D. None of the above Question 2 Which amoun ...

Accounting assignmentaccounting is the study of how

Accounting Assignment Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities in addition to preparing financial statements and recording busi ...

Problem -using the following proforma information regarding

Problem - Using the following proforma information regarding GE, Inc. based on analysts' forecast in early 2016:   2016E 2017E Next 3 years EPS 1.29 1.56 Growth at 7.59% DPS 0.92 1.11 Growth at 10% The book value of GE's ...

Problem 1the following information relates to billy bobs

Problem 1 "The following information relates to Billy Bob's Donuts defined benefit pension plan during the current reporting year (All the amounts are in millions): Plan Assets at the beginning of the year $350 Expected ...

Accounting theory and contemporary issues individual case

Accounting Theory and Contemporary Issues Individual case study Assignment- Assessment Description - Learning Outcome:  Research and argue a position in regard to a contemporary issue in the accounting profession. Evalua ...

1 as a small business owner in todays economy what three

1. As a small business owner in today's economy, what three financial reports would you use on a regular basis? What information would you find on each statement? What decisions might each statement help you make? Please ...

Consider the following scenarioandre has asked you to

Consider the following scenario: Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-h ...

Problemmaquoketa services was formed on may 1 2017the

Problem Maquoketa Services was formed on May 1, 2017. The following transactions took place during the first month. Transactions on May 1: 1. Jay BradFord invested $40,000 cash in the company, as its sole owner . 2. Hire ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen