You can review the Disney SEC Form 10-K by searching for “Disney Annual Report” online.

REQUIRED:
Review the Disney 2015 SEC Form 10-K, and answer the following questions:
a. Compute Disney’s long-term debt (include deferred income taxes and all other long-term liabilities) to total asset ratio for 2015 and 2014. Discuss the change.
b. What interest rates are stated in the various long-term obligations of Disney?
c. Review the financing section of the statement of cash flows and comment on the trend in the company’s reliance on long-term debt over the last three years.
d. Comment on the comparison between the market value of Disney’s long-term debt and its carrying value on Disney’s balance sheet.
e. How does Disney reduce the risk of interest rate fluctuations?