Information is provided below from the 2000 annual report of the Walt Disney Company. (a) Evaluate Disneys
Question:
(a) Evaluate Disneys performance over the three years presented. Would you characterize the company as growing, stable, or declining?
(b) Is it surprising that the change in net earnings differs from the change in net cash from operating activities over the period? Which measure of operating activities is more stable?Why?
Transcribed Image Text:
(In millions) 2002 $1,236 2,286 (3,176) 1,511 2001 2000 s(158) 920 Net earnings (loss) Net cash from operating activities Net cash from (for) investing activities Net cash from (for) financing activities 3,048 (2,015) (1,257) 3,755 (1,091) (2,236)
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a Disneys earnings improved slightly from 2000 to 2001 and significantly between 2001 and 2002 Cash ...View the full answer
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