Complete the calculations for determining working capital and also explain how to use each financial statement for the calculation. Then tell how the financial statements help determine financial health.

Income Statement

Services revenues	19461000
Products revenues	2043000
Total revenues	21504000
Cost of services (exclusive of depreciation & amortization)	12404000
Cost of products (exclusive of depreciation & amortization)	1278000
Selling, general, administrative & other expenses	4100000
Depreciation & amortization	1290000
Total costs & expenses	-19072000
Restructuring & impairment charges	42000
DraftKings, Inc. gain (loss)	-136000
German free-to-air (FTA) television network gain (loss)	-
Other income (expense)	-
Other income (expense), net	-136000
Interest expense	380000
Interest & investment income	7000
Net periodic pension & postretirement benefit costs (other than service costs)	13000
Interest income, investment income & other interest income (expense)	-
Interest income (expense), net	-360000
Equity in the income (loss) of investees	225000
Income from continuing operations before income taxes	2119000
Income taxes from continuing operations	617000
Net income (loss) from continuing operations	1502000
Income (loss) from discontinued operations, net	-
Net income (loss)	1502000
Net income (loss) from continuing operations attributable to noncontrolling interests	-93000
Net income (loss) attributable to The Walt Disney Company (Disney)	1409000
Weighted average shares outstanding - basic	1823000
Weighted average shares outstanding - diluted	1825000
Year end shares outstanding	1781000
Earnings (loss) per share - continuing operations - basic	0.77
Earnings (loss) per share - discontinued operations - basic	-
Net earnings (loss) per share - basic	0.77
Earnings (loss) per share - continuing operations - diluted	0.77
Earnings (loss) per share - discontinued operations - diluted	-
Net earnings (loss) per share - diluted	0.77
Dividends declared per common share	-

Answer rating: 100% (QA)

SOLUTION To calculate working capital you need information from the balance sheet specifically the current assets and current liabilities Working capital represents the difference between a companys c... View the full answer