Income statement Income Statements for Disney Corporation year ending on 2020 20202019Revenue65,388.0069,607.00Cost of goods sold43,880.0042,061.00gross profit 21,508.0027,546.00Research and development expenses- 0- 0SG&A Expenses12,369.0011,549.00other operating income or expenses- 0- 0operating Expenses67,329.0058,960.00operating Income(1,941.00)10,647.00Total Non-Operating Income/Expenses198.003,276.00Pre-tax Income(1,743.00)13,923.00Income taxes699.003,026.00Income After taxes(2,442.00)10,897.00Other Income- 0- 0Income From Continuos Operations(2,442.00)10,897.00Income From Discontinued Operations(32.00)687.00Net Income(2,864.00)11,054.00EBITDA8,357.0014,814.00EBIT(1,941.00)10,647.00Basic shares Outstanding1,808.001,656.00Shares Outstanding1,808.001,666.00Basic EPS(1.58)6.68EPS- Earnings per share (1.58)6.64Graphical representetion 2020Graphical representetion 2019 Revenue gross profit operating Income Pre-tax Income Income taxes Income After taxes EBITDA 65388 21508 -1941 -1743 699 -2442 8357 Revenue gross profit operating Income Pre-tax Income Income taxes Income After taxes Net Income EBITDA 69607 27546 10647 13923 3026 10897 11054 14814 Balance sheetBalance sheets of Disney Corporation for the year ending 2020 20202019ItemsCash on hand$ 17,914.005,418.00Receivable$ 12,708.0015,481.00Inventory $ 1,583.001,649.00Pre-paid expenses$ - 0- 0Other current assets$ 875.00979.00Total current assets$ 35,251.0028,124.00Property, plant and equipment$ 26,594.0026,174.00Longterm investment $ 3,903.003,224.00Goodwill and intangible assets$ 96,862.00103,508.00Other long-term assets$ 8,433.004,715.00Total long-term assets$ 166,298.00165,860.00Total assets$ 201,549.00193,984.00Total current liabilities$ 26,628.0031,341.00longterm Debt$ 52,917.0038,129.00Other Non-Current Liabilities$ 17,204.0013,760.00Total long term liabilities$ 86,658.0068,754.00Total liabilities$ 113,286.00100,095.00Common Stock Net $ 54,497.0053,907.00Retained Earnings (Accumulated Deficit)$ 38,315.0042,494.00Comprehensive income$ (8,322.00)(6,617.00)Other Share Hol;ders Equity$ - 0- 0Share holder Equity$ 88,263.0093,889.00Total Liabilities and Share Holders Equity$ 201,549.00193,984.00Graphical Representetion 2020Graphical representetion 2019 Total current assets Total assets Total current liabilities Total liabilities Share holder Equity Total Liabilities and Share Holders Equity 35251 201549 26628 113286 88263 201549 Total current assets Total assets Total current liabilities Total liabilities Share holder Equity Total Liabilities and Share Holders Equity 28124 193984 3134 1 100095 93889 193984 Cashflow statementCashflow statements of Disney Corporation for the year ending 2020 ITEMS20202019Net IncomeLoss(2,442.00)10,897.00Total depreciation and amortization- Cash flow10,298.004,167.00Other Non-Cash Items(633.00)(3,048.00)Total Non-Cash Items9,665.001,119.00Change in accounts Receivable1,943.0055.00Change in Inventories14.0 ...

1. Income statement Income Statements for Disney Corporation
year ending on 2020 20202019Revenue65,388.0069,607.00Cost
of goods sold43,880.0042,061.00gross profit
21,508.0027,546.00Research and development expenses- 0-
0SG&A Expenses12,369.0011,549.00other operating income or
expenses- 0- 0operating Expenses67,329.0058,960.00operating
Income(1,941.00)10,647.00Total Non-Operating
Income/Expenses198.003,276.00Pre-tax
Income(1,743.00)13,923.00Income taxes699.003,026.00Income
After taxes(2,442.00)10,897.00Other Income- 0- 0Income From
Continuos Operations(2,442.00)10,897.00Income From
Discontinued Operations(32.00)687.00Net
Income(2,864.00)11,054.00EBITDA8,357.0014,814.00EBIT(1,9
41.00)10,647.00Basic shares
Outstanding1,808.001,656.00Shares
Outstanding1,808.001,666.00Basic EPS(1.58)6.68EPS- Earnings
per share (1.58)6.64Graphical representetion 2020Graphical
representetion 2019
Revenue gross profit operating Income Pre-tax Income
Income taxes Income After taxes EBITDA 65388
21508 -1941 -1743 699 -2442 8357
Revenue gross profit operating Income Pre-tax Income
Income taxes Income After taxes Net Income
EBITDA 69607 27546 10647 13923 3026
10897 11054 14814
Balance sheetBalance sheets of Disney Corporation for the year
ending 2020 20202019ItemsCash on hand$
17,914.005,418.00Receivable$ 12,708.0015,481.00Inventory $
1,583.001,649.00Pre-paid expenses$ - 0- 0Other current
assets$ 875.00979.00Total current assets$
35,251.0028,124.00Property, plant and equipment$
26,594.0026,174.00Longterm investment $

2. 3,903.003,224.00Goodwill and intangible assets$
96,862.00103,508.00Other long-term assets$
8,433.004,715.00Total long-term assets$
166,298.00165,860.00Total assets$
201,549.00193,984.00Total current liabilities$
26,628.0031,341.00longterm Debt$ 52,917.0038,129.00Other
Non-Current Liabilities$ 17,204.0013,760.00Total long term
liabilities$ 86,658.0068,754.00Total liabilities$
113,286.00100,095.00Common Stock Net $
54,497.0053,907.00Retained Earnings (Accumulated Deficit)$
38,315.0042,494.00Comprehensive income$
(8,322.00)(6,617.00)Other Share Hol;ders Equity$ - 0- 0Share
holder Equity$ 88,263.0093,889.00Total Liabilities and Share
Holders Equity$ 201,549.00193,984.00Graphical
Representetion 2020Graphical representetion 2019
Total current assets Total assets Total current liabilities
Total liabilities Share holder Equity Total Liabilities
and Share Holders Equity 35251 201549 26628 113286
88263 201549
Total current assets Total assets Total current liabilities
Total liabilities Share holder Equity Total Liabilities
and Share Holders Equity 28124 193984 3134 1 100095
93889 193984
Cashflow statementCashflow statements of Disney Corporation
for the year ending 2020 ITEMS20202019Net
IncomeLoss(2,442.00)10,897.00Total depreciation and
amortization- Cash flow10,298.004,167.00Other Non-Cash
Items(633.00)(3,048.00)Total Non-Cash
Items9,665.001,119.00Change in accounts
Receivable1,943.0055.00Change in
Inventories14.00(223.00)Change in accounts payable- 0-
0Change in assets/Liabilities240.00390.00Total change in
Assets/Liabilites(248.00)(6,186.00)Cash flow from operating
activites7,616.005,984.00Net change in property, plant and

3. Equipment(4,022.00)(4,876.00)Net change in intangible Assets
- 0- 0Net acquisation/Divestitures- 0(9,901.00)Net change in
short-term Investments- 0- 0Net change in long-term
investments - 0- 0Net Change in investments- Total- 0-
0Investing Activities- Other172.00(319.00)Cash Flow From
Investing Activities (3,850.00)(15,096.00)Net Long-term
Debt14,587.00(641.00)Net Current Debt(3,354.00)4,318.00Debt
issuanceRetirement Net -Total11,233.003,677.00Net common
equity issued/repurchased305.00318.00Net Total Equity issued
repurchased305.00318.00Total common and preferred stock
dividends paid(1,587.00)(2,895.00)Financial activities-
other(1,471.00)(1,564.00)Cash Flow from financial
activities8,480.00(464.00)Net Cash
Flow12,499.001,300.00Stock-Based
compensation525.00711.00Common stock dividends paid
(1,587.00)(2,895.00)Graphical representetion 2020Graphical
representetion 2019
Cash flow from operating activites Cash Flow From Investing
Activities Cash Flow from financial activities Net Cash
Flow 5984 -15096 -464 1300
Cash flow from operating activites Cash Flow From Investing
Activities Cash Flow from financial activities Net Cash
Flow 7616 -3850 8480 12499
Financial ratioProfitability RatioReturn on assets
(ROA)20202019-0.0142099440.0569840812Return on
Equity20202019-0.03244847780.1177347719Liquidity
ratioQuick Ratio20202019(1,382.95)1,308.61Day’s sales
outstanding 202020191.260.84E.) Long-term solvency
ratiosDebt to equity
ratio202020191.28350497941.0660993301Debt to asset
ratio202020190.56207671580.5159961646 Efficiency/Valuation
ratios:Accounts receivable turnover
ratio202020195.14542020774.4962857697Asset turnover

4. ratio202020193.70985220284.9500071114Leverage
ratios:Current ratio202020191.32383205650.8973549025Time
Interest earned ratioEBIT/ Interest expense20202019-
2.49356223184.6011235955
Write a 250-word essay for each question below. Sources and
data are required for each essay.
ESSAY QUESTIONS
Question 1 Essay. How has the Internet altered the way in
which newspapers present news? How are print newspapers
responding to the decline of subscribers and the rise of online
readers? Support your discussion with reliable sources.
Sources: https://www.pewresearch.org/journalism/fact-
sheet/newspapers/
https://open.lib.umn.edu/mediaandculture/chapter/4-5-current-
popular-trends-in-the-newspaper-industry/
<Type your answer here>
Question 3 Essay. How has "fake news" come to exist and
spread so rapidly? Why do you think this happens? How is
"fake news" harmful? What are the long- and short-term effects
and consequences of being a consumer of "fake news"? How
does it affect each of us? How can we, as consumers and sharers
of news, learn to identify potential "fake news" stories? Support
your discussion with reliable sources.
Sources: https://www-sciencedirect-
com.ezproxy.umgc.edu/science/article/pii/S0191886921006486?
via%3Dihub
https://doaj.org/article/636db73a56ba49ef9e1530b4b7d842e7

5. https://www-sciencedirect-
com.ezproxy.umgc.edu/science/article/pii/S0099133321000811?
via%3Dihub
<Type your answer here>
Question 5 Essay. How has Digital Media influenced (or
changed) children of this generation? How are their lives
different than ours? Include a historical (before and after the
digital media) and global perspective (include discussion of the
US and at least two additional countries). Include whether the
change has been positive, negative, or both. Support your
discussion with reliable sources.
https://www-sciencedirect-
com.ezproxy.umgc.edu/science/article/pii/S0828282X20304001
?via%3Dihub
https://www.npr.org/sections/health-
shots/2013/11/20/246316731/kids-are-less-fit-today-than-you-
were-back-then
<Type your answer here>
Question 8 Essay. Discuss how social media was used in the
2016 U.S. Presidential Election in terms of communicating with
voters, fundraising, and campaign organizing. Discuss how
databases of political information can be used to help voters
make decisions on candidates and issues. Support your
discussion with reliable sources.
https://academic.oup.com/poq/article/84/S1/236/5871904?login
=true
https://www.pewresearch.org/fact-tank/2018/02/15/voter-files-
study-qa/

6. <Type your answer here>
Balance SheetPowered by ClearbitDisney (Walt) Co. (The)
(NYS: DIS)Exchange rate used is that of the Year End reported
date As Reported Quarterly Balance Sheet Report
Date07/03/202104/03/202101/02/202106/27/202003/28/202012/
28/201906/29/201903/30/201912/29/20183rd Quarter2nd
Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter3rd
Quarter2nd Quarter1st
QuarterCurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDAudi
t
StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnaudi
tedUnauditedUnauditedUnauditedConsolidatedYesYesYesYesY
esYesYesYesYesScaleThousandsThousandsThousandsThousand
sThousandsThousandsThousandsThousandsThousandsCash &
cash
equivalents1607000015890000170680002311500014339000683
30006728000101080004455000Receivables13355000125330001
40510001262200014532000171000001567300014593000101230
00Inventories13440001406000148000015590001531000157100
0151600014450001357000Licensed content costs &
advances236700022040001423000313500018690001334000452
60005408000824000Other current
assets830000844000852000899000100300093800010350001257
000778000Assets held for sale------18920001466000-Total
current
assets339660003287700034874000413300003327400027776000
313700003427700017537000Produced & licensed content
costs278890002685800025929000255600002675700026539000
22552000243530008177000Investments40450004309000403700
0361100031800003312000387200040800002970000Attractions,
buildings &
equipment64023000630370006301700061130000609290005991
0000574570005799100055385000Accumulated depreciation -

7. attractions, buildings &
equipment37579000368660003638000034639000337130 003305
7000320880003313200031069000Parks, resorts & other
property before projects in progress & land,
Total264440002617100026637000264910002721600026853000
253690002485900024316000Projects in
progress4856000489100045470004380000391600040230004853
00049840004336000Land1077000107500010790001020000101
90001019000117000011740001145000Parks, resorts & other
property,
net32377000321370003226300031891000321510003189500031
3920003101700029797000Intangible assets,
net17601000181230001864200019589000220370002266900025
114000269850006747000Goodwill778350007786100077800000
772330008032000080314000778010007505700031289000Nonc
urrent assets held for sale------1259100013182000-Other
assets850800080850008343000843500085750008443000478300
053910003424000Total
assets202221000200250000201888000207649000206294000200
94800020947500021434200099941000Accounts payable &
other accrued
liabilities183170001706200016846000169860001790600019755
000176470002050300010696000Current portion of
borrowings4728000524300053970001022400012676000100180
0021923000191580003489000Deferred revenue & other current
liabilities436800043370004303000370700048910005024000473
000042810003434000Liabilities held for sale------
293000434000-Total current
liabilities274130002664200026546000309170003547300034797
000445930004437600017619000Commercial paper borrowings-
---84830006534000--699000U.S. & European medium-term
notes--------17947000U.S. dollar denominated notes----
4428900039380000---Asia International Theme Parks
borrowings--------1160000Asia Theme Parks borrowings----
11850001146000---Foreign currency denominated debt & other
borrowings----14890001015000--859000Total borrowings

8. before current portion----5544600048075000--20665000Less:
current portion of borrowings----1267600010018000--
3489000Borrowings511100005090300052878000541970004277
000038057000363110003780300017176000Deferred income
taxes683500068940007201000705500079650008364000104040
00112080003177000Noncurrent liabilities held for sale------
23530002659000-Other long-term
liabilities162490001661500017205000158550001611300015928
00010561000128540006452000Redeemable noncontrolling
interests9492000941000093300009162000909600090290008897
00011030001124000Common
stock551740005500000054663000543860005423000053995000
537180005341900036799000Retained earnings (accumulated
deficit)40311000393650003845600039004000437210004320200
0413820004121200084887000Market value adjustments for
investments----6000---1000-4000-Market value adjustments for
hedges-213000--324000-122000-70003300048000128000Market
value adjustments--214000-------Unrecognized pension &
postretirement medical expense-6712000-6881000-7072000-
5469000-5566000-5639000-3155000-3179000-3247000Foreign
currency translation & other accumulated comprehensive
income (loss)-912000-823000-745000-1142000-1193000-
887000-598000-651000-663000Accumulated other
comprehensive income (loss)-7837000-7918000-8141000-
6617000-6637000-6533000-3721000-3786000-
3782000Shareholders' equity sub-total-------
90845000117904000Treasury stock, at
cost9070009070009070009070009070009070009070009070006
7588000Total disney shareholders'
equity86741000855400008407100085866000904070008975700
0904720008993800050316000Noncontrolling
interests4381000424600046570004597000447000050160005884
000144010004077000Total
equity91122000897860008872800090463000948770009477300
09635600010433900054393000
Income StatementPowered by ClearbitDisney (Walt) Co. (The)

9. (NYS: DIS)Exchange rate used is that of the Year End reported
date As Reported Quarterly Income Statement Report
Date07/03/202104/03/202101/02/202106/27/202003/28/202012/
28/201906/29/201903/30/201912/29/20183rd Quarter2nd
Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter3rd
Quarter2nd Quarter1st
QuarterCurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDAudi
t
StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnaudi
tedUnauditedUnauditedUnaudi tedConsolidatedYesYesYesYesY
esYesYesYesYesScaleThousandsThousandsThousandsThousand
sThousandsThousandsThousandsThousandsThousandsServices
revenues155850001452200014871000112350001617400018075
000180220001300600012866000Products
revenues143700010910001378000544000183500027830002223
00019160002437000Total
revenues170220001561300016249000117790001800900020858
000202450001492200015303000Cost of services (exclusive of
depreciation &
amortization)102510008932000107380007209000106640001137
70001144500071670007564000Cost of products (exclusive of
depreciation &
amortization)982000850000103700068700012540001639000137
400012090001437000Selling, general, administrative & other
expenses316800031130002917000245500033880003703000336
200023270002152000Depreciation &
amortization126600012720001298000137700013330001298000
1304000828000732000Total costs & expenses-15667000-
14167000-15990000117280001663900018017000-
1748500011531000-11885000Restructuring & impairment
charges-------662000-Restructuring & impairment
charges350004140001130005047000145000150000207000--
DraftKings, Inc. gain (loss)-217000--------German free-to-air
(FTA) television network gain (loss)126000--------Other income
(expense), net-91000305000-382000---123000--Other income---
----4963000-Interest

10. expense4040004150004040004560003650003620004720001980
00163000Interest & investment income-9000131000-
4100063000-340003000075000Net periodic pension &
postretirement benefit costs (other than service costs) -32000-
36000-30002000-270002500025000Interest income, investment
income & other interest income (expense)--80000--79000---
Interest income (expense), net-445000-320000-324000-412000-
300000-283000-411000-143000-63000Equity in the income
(loss) of investees211000213000224000186000135000224000-
1000-31200076000Income from continuing operations before
income taxes995000123000046000-
484000010600002632000201800072370003431000Income taxes
from continuing operations-13300010800016000-
3310005250004590003950001647000645000Net income (loss)
from continuing operations1128000112200030000-
4509000535000217300016230005590000-Income (loss) from
discontinued operations, net -5000-11000-12000-3000-15000-
2600035900021000-Net income (loss)1123000111100018000-
45120005200002147000198200056110002786000Net income
(loss) from continuing operations attributable to noncontrolling
interests-205000-210000-1000-209000-60000-40000--
1590002000Less: net income from continuing operations
attributable to noncontrolling & redeemable noncontrolling
interests-------186000--Less: net income from discontinued
operations attributable to noncontrolling interests-------36000--
Net income (loss) attributable to The Walt Disney Company
(Disney)91800090100017000-
47210004600002107000176000054520002788000Weighted
average shares outstanding -
basic181800018170001812000180900018080001805000180200
015300001490000Weighted average shares outstanding -
diluted18300001829000182300018090001816000181700018140
0015370001498000Year end shares
outstanding1781000178100017810001781000178100017810001
78100017790001500000Earnings (loss) per share - continuing
operations - basic0.510.50.02-2.610.261.180.83.55-Earnings

11. (loss) per share - discontinued operations - basic--0.01-0.01--
0.01-0.010.180.01-Net earnings (loss) per share -
basic0.50.50.01-2.610.251.170.983.561.87Earnings (loss) per
share - continuing operations - diluted0.50.50.02-
2.610.261.170.793.53-Earnings (loss) per share - discontinued
operations - diluted--0.01-0.01--0.01-0.010.180.01-Net earnings
(loss) per share - diluted0.50.490.01-
2.610.251.160.973.551.86Dividends declared per common
share---0.880.880.880.88-0.88
Cash FlowPowered by ClearbitDisney (Walt) Co. (The) (NYS:
DIS)Exchange rate used is that of the Year End reported date As
Reported Quarterly Cash Flow Report
Date07/03/202104/03/202101/02/202106/27/202003/28/202012/
28/201906/29/201903/30/201912/29/20183rd Quarter2nd
Quarter1st Quarter3rd Quarter2nd Quarter1st Quarter3rd
Quarter2nd Quarter1st
QuarterCurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDAudi
t
StatusUnauditedUnauditedUnauditedUnauditedUnauditedUnaudi
tedUnauditedUnauditedUnauditedConsolidatedYesYesYesYesY
esYesYesYesYesScaleThousandsThousandsThousandsThousand
sThousandsThousandsThousandsThousandsThousandsNet
income (loss)--------2786000Net income (loss) from continuing
operations2280000115200030000-
18130002708000217300099990008376000-Depreciation &
amortization383600025700001298000401000026310001298000
28640001560000732000Net gain/(loss) on investments--
481000-80000------Goodwill & intangible asset impairment---
4953000-----Net loss (gain) on investments-325000--------Net
loss (gain) on acquisitions & investments----370000-----Loss
(gain) on acquisition-------4794000-4917000-Deferred income
taxes-749000-556000-105000-
5480002970005340001716000119000046000Equity in the loss
(income) of investees-648000-437000-224000-545000-359000-
224000234000236000-76000Cash distributions received from
equity

12. investees546000372000193000567000405000219000548000370
000170000Net change in produced & licensed content costs &
advances-3192000-1685000771000-1483000-925000-
7700059000-281000468000Net change in operating lease right
of use assets / liabilities1270001460003600016000-96000----
Equity-based
compensation42800027000013400038800024600011500059100
047500092000Other adjustments,
net72800049000090000471000156000650001520001210006100
0Receivables-301000-37000-13240002100000828000-1424000-
1428000-386000-
1078000Inventories23600017500094000860007000081000-
96000-1900032000Other assets-113000-131000-1360008000-
174000-330004500004600025000Accounts payable & other
accrued liabilities---------1289000Accounts payable & other
liabilities341000-780000-642000-1986000-888000-
841000219000-283000-Income taxes-260000400000-
6000095000-112000-256000-6248000-474000130000Net cash
flows from operations - continuing operations---
59490004787000-4266000--Net cash flows from operating
activities29340001468000750005949000-
1630000426600060140002099000Investments in parks, resorts
& other property-2468000-1530000-760000-3293000-2585000-
1338000-3567000-2390000-1195000Acquisitions-------9901000-
9901000-Other investing activities38300020300028000-27000-
21000-12000-317000-392000-141000Net cash flows from (used
in) investing activities - continuing operations----3320000-
2606000--13785000--Net cash flows from investing activities-
2085000-1327000-732000-3320000--1350000-13785000-
12683000-1336000Commercial paper borrowings/(payments),
net-99000-87000-
1790001373000313800011720002973000376000-
302000Borrowings4300037000100018030000607100051000313
4800031145000-Reduction of borrowings-2319000-1816000-
139000-2297000-1048000-46000-19039000-17398000-
Dividends----1587000-1587000--1310000-1310000-Proceeds

13. from exercise of stock
options40500039400020900023800020700012600027800083000
37000Acquisition of noncontrolling & redeemable
noncontrolling interests-------1430000--Contributions from or
sales of noncontrolling interests------544000--Other financing
activities-801000-769000-225000-838000-165000-186000-
831000-200000-146000Net cash flows from financing activities
- continuing operations---149190006616000-12533000--Net
cash flows from financing activities-2771000-2241000-
33300014919000-11170001253300012696000-411000Cash
flows from operating activities of discontinued operations-
20004000-20004000-320000--Cash flows from financing
activities of discontinued operations-------179000--Cash flows
from investing activities of discontinued operations80004000-
198000198000----Cash flows from operations - discontinued
operations600080009000200000202000-19000141000-35000-
Impact of exchange rates on cash, cash equivalents & restricted
cash7700070000139000-49000-76000410004700075000-
44000Change in cash, cash equivalents & restricted cash-
1839000-2022000-
842000176990008923000141900032020006067000308000Cash,
cash equivalents & restricted cash, beginning of
period17954000179540001795400054550005455000545500041
5500041550004155000Cash, cash equivalents & restricted cash,
end of
period16115000159320001711200023154000143780006874000
7357000102220004463000
FIN 320 Project Two Financial Analyst Report
[Note: To complete this template, replace the bracketed text
with your own content. Remove this note before you submit
your report.]
Financial Analysis, Financial Evaluation, and Financial

14. Recommendation(s)
Financial Analysis
Financial Calculations:
Using the most current quarter’s financial statements for your
chosen business and the
Financial Formulas spreadsheet, calculate the financial formulas
below to assess the
business’s financial health.
Working capital:
[Write the result of the calculation and what it says about the
company’s health.]
Current ratio:
[Write the result of the calculation and what it says about the
company’s health.]
Debt ratio:
[Write the result of the calculation and what it says about the
company’s health.]
Earnings per share:
[Write the result of the calculation and what it says about the
company’s health.]
Price/earnings ratio:
[Write the result of the calculation and what it says about the
company’s health.]
Total asset turnover ratio:
[Write the result of the calculation and what it says about the
company’s health.]
Financial leverage:
[Write the result of the calculation and what it says about the
company’s health.]
Net profit margin:
[Write the result of the calculation and what it says about the
company’s health.]
Return on assets:

15. [Write the result of the calculation and what it says about the
company’s health.]
Return on equity:
[Write the result of the calculation and what it says about the
company’s health.]
Working Capital Management:
[In one paragraph, explain the impact of working capital
management on the business’s operations. Provide examples to
support your claims.]
Bond Investment:
[In one paragraph, analyze the risks and benefits of the business
choosing to invest in a
corporate bond, including the necessary ethical considerations,
appropriate calculations, and examples to support your
analysis.]
Capital Equipment:
[In one paragraph, analyze the risks and benefits of the business
choosing to invest in capital equipment, including the necessary
ethical considerations, appropriate calculations, and examples
to support your analysis.]
Capital Lease:
[In one paragraph, analyze the risks and benefits of the business
choosing to purchase a capital lease, including the necessary
ethical considerations, appropriate calculations, and examples
to support your analysis.]
Financial Evaluation
In this section of the report, you will evaluate the three
available financial options for the business and recommend
which option(s) are the best for the business to choose.
1. Financing:

16. [In one paragraph, explain how a business finances its
operations and expansion.]
Bond Investment:
[In one paragraph, write your assessment on the appropriateness
of a bond investment as an option for the business’s financial
health, using your financial analysis and other financial
information to support your claims.]
Capital Equipment:
[In one paragraph, write your assessment on the appropriateness
of a capital equipment investment as an option for the
business’s financial health, using your financial analysis and
other financial information to support your claims.]
Capital Lease:
[In one paragraph, write your assessment on the appropriateness
of a capital lease purchase as an investment option for the
business’s financial health, using your financial analysis and
other financial information to support your claims.]
Short-Term Financing:
[In one paragraph, explain how potential short-term financing
sources could help the business raise needed funds for
improving its financial health. Base your response on the
business’s current financial information.]
Future Financial Considerations:
[In one paragraph, describe the business’s likely future financial
performance based on its current financial well-being and risk
level. Use financial information to support your claims.]
Financial Recommendation(s)
[In 1 to 2 paragraphs, recommend the most appropriate
financing option(s) based on the business’s financial health, and
include a rationale for why the option(s) are the best.]

17. 3
Running Head: Financial review for Disney Corporation
1
Financial review for Disney Corporation
2
Financial review for Disney Corporation
Name
Institution Affiliation
Date
Introduction
Financial review can be described as a fundamental aspect
applied in determining long-term sustainability pentagram.
This process is characterized by profound in-depth analysis of
the information presented in financial statements of business
entities to provide skeptical judgment applied to evaluate short-
term and long-term durable competitive advantage. According
to the information provided by (Guerard, 2013) Disney Inc.Com
is a world class film, theme park resort, television shows and
business entity which offer entertainment content intended for
children and families. Over the recent past, this entity has been
highlighted to have intensified its populism leading to heighted
profitability yield.
Disney Inc.Com can be described to be a faultless case scenario
based on its precise operational pentagram that is undergoing
significant modification in terms of organizational structure,
quality product production, market investment portfolio,
organizational ethnicity and radical update of its advertisement
and customer outreach measures based on postulated customer

18. competitive pressure. This is a business that nurtured extremely
fast within a little time span. Thus, its management found
themselves not being able to cling to their procedures and
finances under control. However, the Disney Inc.Com almost
faced insolvency. Therefore, the company had to re-evaluate
and restructure its organizational principles and organizational
configuration to avoid bankruptcy. The organizational culture
embraces change; with the motive to outperform and be
successful as its fundamental objectives (Dyer, Furr, &
Lefrandt, 2019), acknowledges.
Financial statement analysis
Review of financial statement can be described as a
fundamental aspect in determining the certainty of short-term
and long-term operability pentagram. Consequently, critical
scrutiny of financial review is also a significant step in
healthcare vender as it aids in planning and determining the
going concern concept based on the estimated profitable yield
earned from patients. Going concern is the ability of Disney
Inc.Com to sustain its operating in the future despite of the stiff
competition which emerges in the market amongst other
systematic and unsystematic risk occurrences. The information
provided by (Davidson, 2018), provides further insight on
financial review as the process of determining potential credit
risk based on financial rationales.
This process of financial reviewing provides decisive
information to investors, shareholders, owners, general public
and the government as it aids in determining whether the
business venture has the financial ability to meet the expected
financial obligations on short run and long run basis. However,
in terms of planning and expansion, the financial statement
review based on the information provided in the spreadsheet
analysis aid in drafting the leeway of generating more capital
and minimize expenditures based on financial forecasting
heightened through ratio analysis.

19. Graphical representations of Balance sheet for the year end
2020
Graphical representations of Balance sheet for the year end
2019
According to the information presented in the entities balance
sheet computed on the basis of quantum strategy, the total
assets have been indicated to maintain a positive growth variant
from the financial year ending 2019 to the financial year ending
on 2020. In addition, the total expected liability has been
represented with a linear incline over the respective financial
period indicating enhanced increase on debt rate. Debt increase
can be classified as a negative variant based on long-term
performance portfolio. Shareholders’ equity have been
characterized by augmented positive growth over the respective
financial period indicating a favorable operating margin based
on short-term and long-term factor evaluation matrix.
Cash flow statement graphical representation for the year end
2020
Cash flow statement graphical representation for the year end
2019
Cash flow statement can be described as the fundamental
breakdown of the entities cash flow from operating activities,
net cash flow from investing activities and net cash flow
generated from financing activities. A well-defined decision
making criterion is required while computing cash & cash
equivalents based on the respective operational timeline to
facilitate sustainable going concern. The information presented
in (Macro trends, 2021) indicates the existence of a distinct
performance benchmark regarding cash flow from operating

20. activities due to linear increase in growth over the last quantum
financial periods. Concurringly, net cash flow from investing
activities has increased since the financial year ending 2019
from $ 5,984 to $ 7,616 in the financial year ending 2020 a
clear indication that Disney Inc.Com has heighted the
investment portfolio in terms of long-term operational
pentagram. The expected net cash flow from financing activities
can be described to have also a favorable growth factor over the
respective financial period having an increased positive factor
from ($15,096) in the financial year 2019 to ($3,850) in the
financial year ending 2020. This can be described to have a
negative profitability impact on short-term performance
pentagram and projected to have a positive long-term
profitability impact on Disney Inc.Com investment portfolio
chart, (Guerard, 2013).
Income statement graphical representation for the year end 2020
Income statement graphical representation for the year end 2019
Income statement can be described as a critical representation
of the entities revenue growth compared to the expected
operational expenses and income taxes. According to the
information presented in (Macro trends, 2021), the expected to
cost of revue has been highlighted to have unfavorable negative
growth rate over the respective period from the financial year
2019 with $ 69,607 to the financial year ending 2020 with $
65,388. This indicates a favorable going concern concept and
certain operability pentagram. The expected net income has also
been indicated to have unfavorable growth proportion over this
respective financial period from $11,054 in the financial year
2019 to $ (2,864) in the financial year ending 2020.
Financial ratio analysis
A profound efficiency analysis of Disney Inc.Com financial

21. health is enhanced through horizontal presentation of rationale
which includes liquidity ratios, profitability ratio, efficiency
ratio, long-term solvency ratio and financial leverage ratios.
Profitability ratio which have been used to provide relevant
insight on Disney Inc.Com financial strength include return on
assets and return on equity. Based on (Guerard, 2013),
profitability ratios highlight the ability of Disney Inc.Com to be
able to generate profit despite of the expected financial
expenditures and risk uncertainties. A negative variant
portrayed by return on asset and return on equity which is less
than 1 indicates unfavorable financial health based on short-
term financial operability pentagram.
Liquidity ratios can be describes the ability of Disney Inc.Com
to meet its financial obligations and margin of long-term
operability safety based on the available inventories. Precisely,
quick ratio and the day’s sales outstanding have been computed
to provide further insight on the debt coverage portfolio.
Having a quick ratio of 1,308.61 in the financial year ending
2019 and (1,308.61) in the financial year ending 2020 is a clear
indication that Disney Inc.Com has uncertain long-term debt
coverage. Day’s sales outstanding have been computed to
provide a detailed analysis of short-term payment range of debt.
Having represented with this rationale which is greater than 1;
it is a clear indication that the organization is unable to meet its
short term obligations.
Financial leverage ratios which have been applied to enhance a
profound financial analysis of Disney Inc.Com include current
ratio and time interest earned ratio. A positive favorable
operational pentagram has been highlighted by the arithmetic
computation of these proportions. Consequently, efficiency
ratios have also been considered to highlight the effectiveness
of Disney Inc.Com operational pentagram. This included the
accounts receivable turnover ratio and the asset turnover ratio
based on the expected total sales. Long-term solvency of Disney
Inc.Com has also been indicated to be certain based on debt to
equity ratio and debt to asset ratio. Long term solvency is based

22. on the total expected debts to be incurred compared to the
entities equity and total assets. Having a debt to equity ratio of
1.076 for the financial year 2019 and debt to asset ratio of 1.28
in the same quarter is a clear indication that Disney Inc.Com
has a certain long-term solvency rationale.
Conclusion
In summary, relevant application of internal factor evaluation
matrix postulate effective integration of relevant analysis of
financial performance of business entities. Disney Inc.Com has
been highlighted to have a certain going concern despite of the
increased competitive pressure and change in customer
preference. A well-integrated supply chain management,
application of quantum strategy and enhanced risk analysis
portfolio has been indicated to be some of the key phenomenal
which have enhanced profit maximization (Dyer, Furr, &
Lefrandt, 2019).
Reference list
Dyer, J., Furr, N. R., & Lefrandt, C. T. (2019). Innovation
capital: How to compete--and win--like the world's most
innovative leaders.
Davidson, W. N. (2018). Financial forecasting and decision
making Place of publication not identified: JOHN WILEY.
Guerard, J. (2013). Introduction to financial forecasting in
investment analysis New York, NY: Springer.
Macro trends, (2021). Disney Inc.Com – Stock Price History
2005-2021. Retrieved on 18th October 2021 From
https://www.macrotrends.net/stocks/charts/DIS/disney/financial
-statements

23. Cash flow from operating activites Cash Flow From Investing
Activities Cash Flow from financial activities Net Cash
Flow 5984 -15096 -464 1300
Revenue gross profit operating Income Pre-tax Income
Income taxes Income After taxes EBITDA 65388
21508 -1941 -1743 699 -2442 8357
Revenue gross profit operating Income Pre-tax Income
Income taxes Income After taxes Net Income
EBITDA 69607 27546 10647 13923 3026
10897 11054 14814
Total current assets Total assets Total current liabilities
Total liabilities Share holder Equity Total Liabilities
and Share Holders Equity 35251 201549 26628 113286
88263 201549
Total current assets Total assets Total current liabilities
Total liabilities Share holder Equity Total Liabilities
and Share Holders Equity 28124 193984 3134 1 100095
93889 193984
Cash flow from operating activites Cash Flow From Investing
Activities Cash Flow from financial activities Net Cash
Flow 5984 -15096 -464 1300
RATIOSACCOUNTING & FINANCIAL RATIOSCURRENT
RATIO (Current Assets / Current Liabilities)TOTAL ASSET
TURNOVER RATIO (Total Revenue / Total Assets)Current
Assets339660Total Revenue170220Current
Liabilities2741301.2390471674Total
Assets20222.18.4175234026WORKING CAPITAL (Current
Assets - Current Liabilities)FINANCIAL LEVERAGE (Total
Assets / Shareholder's Equity)Current Assets339660Total

24. Assets20222.1Current Liabilities27413065530Shareholder's
Equity8674100.0233131968DEBT RATIO (Total Debt / Total
Assets)NET PROFIT MARGIN (Net Income / Total
Revenue)Total Debt-78370Net Income11230Total
Assets2022210-0.0387546298Total
Revenue1702200.0659734461EARNINGS PER SHARE (Net
Income / Weighted Average Common Shares
Outstanding)RETURN ON ASSETS (Net Income / Total
Assets)Net Income11230Net Income11230Shares
Outstanding181800.6177117712Total
Assets20222.10.5553330267PRICE EARNINGS RATIO (Share
Price (end of quarter / EPS)RETURN ON EQUITY (Net Income
- Preferred Dividends / Shareholder's Equity)Stock
Price551740NI - Pref.
Div.9180EPS0.511081843.1372549Shareholder's
Equity8674100.0105832305
Monthly Time Value of Money - Monthly CompoundingRate of
ReturnYear 1Initial
InvestmentMonth123456789101112Interest$0$0$0$0$0$0$0$0$
0$0$0$0Investment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
2Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
3Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
4Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
5Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
6Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
7Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
8Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year
9Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0I
nvestment Value$0$0$0$0$0$0$0$0$0$0$0$0Year

25. 10Month123456789101112Interest$0$0$0$0$0$0$0$0$0$0$0$0
Investment Value$0$0$0$0$0$0$0$0$0$0$0$0
AnnualTime Value of Money - Annual CompoundingRate of
ReturnYear 12345678910Initial
InvestmentInterest$0$0$0$0$0$0$0$0$0$0Investment
Value$0$0$0$0$0$0$0$0$0$0
PVTime Value of Money - Present Value AnnuityNumber of
YearsRate of Return$0.00Payment
FVTime Value of Money - Future Value AnnuityNumber of
YearsRate of Return$0.00Payment
PV - Lump SumTime Value of Money - Present Value of Lump
SumRateYears$0.00Initial Investment
FV - Lump SumTime Value of Money - Future Value of Lump
SumRateYears$0.00Initial Investment
NPVNet Present Value (NPV) CalculatorBuilding Initial
InvestmentYear12345678910Annual Cash InflowsCas h
Flows$0$0$0$0$0$0$0$0$0$0Discount RateNPV =
$0Year11121314151617181920Number of YearsCash
Flows$0$0$0$0$0$0$0$0$0$0Salvage ValueEquipmentInitial
InvestmentYear12345678910Annual Cash InflowsCash
Flows$0$0$0$0$0$0$0$0$0$0Discount RateNPV =
$0Year11121314151617181920Number of YearsCash
Flows$0$0$0$0$0$0$0$0$0$0Salvage ValueBondsInitial
InvestmentAnnual Cash InflowsDiscount RateNPV =
$0Year12345678910Number of YearsCash
Flows$0$0$0$0$0$0$0$0$0$0Principal Returned