A. Do you agree that Walt Disney’s balance sheet is both classified and comparative? Explain why or why not?
B. At year-end 2004, what percentage of total assets was composed of current assets? Had this percentage increased or decreased since year-end 2003?
C. What was Disney’s amount of working capital at year-end 2004? Did it change significantly?
D. Compute the working capital ratio at year-end 2004 and year-end 2003. Did it improve or deteriorate between 2003 and 2004?
E. Film and television costs are the amount paid to produce movies or television shows. Explain why it appears in two places on the balance sheet.
F. What were the amounts of total assets, total liabilities, and stockholder’s equity at year-end 2004 and year-end 2003?
G. Did Disney’s overall financial position improve between 2003 and 2004? Explain.