The Walt Disney Company's annual report for the year ended October 3, 2015, includes income statements for

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The Walt Disney Company's annual report for the year ended October 3, 2015, includes income statements for the years ending in 2013, 2014, and 2015. Net income for these three years is as follows (all in millions): $6,136 (2013), $7,501 (2014), and $8,382 (2015). Further analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $45,041 (2013), $48,813 (2014), and $52,465 (2015). State each year's net income as a percentage of revenues and comment briefly on the trend you see over the three-year period.
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-1259692406

18th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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