Question: 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

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 revenues19461000
Products revenues2043000
Total revenues21504000
Cost of services (exclusive of depreciation & amortization)12404000
Cost of products (exclusive of depreciation & amortization)1278000
Selling, general, administrative & other expenses4100000
Depreciation & amortization1290000
Total costs & expenses-19072000
Restructuring & impairment charges42000
DraftKings, Inc. gain (loss)-136000
German free-to-air (FTA) television network gain (loss)-
Other income (expense)-
Other income (expense), net-136000
Interest expense380000
Interest & investment income7000
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 investees225000
Income from continuing operations before income taxes2119000
Income taxes from continuing operations617000
Net income (loss) from continuing operations1502000
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 - basic1823000
Weighted average shares outstanding - diluted1825000
Year end shares outstanding1781000
Earnings (loss) per share - continuing operations - basic0.77
Earnings (loss) per share - discontinued operations - basic-
Net earnings (loss) per share - basic0.77
Earnings (loss) per share - continuing operations - diluted0.77
Earnings (loss) per share - discontinued operations - diluted-
Net earnings (loss) per share - diluted0.77
Dividends declared per common share-

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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 full answer

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