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german
3 years ago
5

The fiscal year-end 2016 financial statements for Walt Disney Co. report revenues of $55,632 million, net operating profit after

tax of $9,954 million, net operating assets of $58,603 million. The fiscal year-end 2015 balance sheet reports net operating assets of $59,079 million. Walt Disney’s 2016 net operating profit margin is: A. 16.9% B. 12.5% C. 17.9% D. 11.7% E. There is not enough information to calculate the ratio.
Business
1 answer:
fredd [130]3 years ago
7 0

Answer:

Option (C) is correct.

Explanation:

Given that,

Revenues = $55,632 million

Net operating profit after tax = $9,954 million

Net operating assets at fiscal year-end 2016 = $58,603 million

Net operating assets at fiscal year-end 2015 = $59,079 million

Net operating profit margin is determined by dividing the net operating profit after tax by the total amount of revenues during a fiscal year.

Net operating profit margin:

= (Net operating profit after tax ÷ Revenues) × 100

= ($9,954 ÷ $55,632) × 100

= 0.1789 × 100

= 17.89%

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3 years ago
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3 years ago
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It’s C because it’s balanced
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Read 2 more answers
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