How should Disney meet its financing needs in the current year? How should it balance the$$benefits of future financing flexibility $($by selling equity now$)$ with the temptation to delay the sale of equity by financing with debt now, in hopes of realizing a higher price in the future? The next section of this note discusses the financial measures that can be useful in understanding the past performance of a company. Extrapolation of the firm$$s past performance, if done thoughtfully, can provide valuable insights into the future health and balance of the corporate financial system. Historical analysis can also identify possible opportunities for improved asset management or margin improvement, and can provide an important, albeit incomplete, basis for evaluating the attractiveness of a business and$/$or the effectiveness of a management team.