1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%

You might be interested in
Mr. & Mrs. Dart own a majority of the outstanding capital stock of Wall Corp., Black Co., and West, Inc. During 2010, Wall a
weqwewe [10]

Answer:

The amount that would be reported as receivables from affiliates is $0.

Explanation:

Here Mr and Mrs Dart owns a majority of shares of Wall corp, Black co, and West inc. In 2010 , wall made advanced cash to black($50,000) and west($80,000) and also west made advance to black($70,000).

While preparing the combined balance sheet for all these company's , any amount of account receivables will not be included because preparing a combined balance sheet is same as making consolidated balance sheet , were any inter company profit or losses , account receivables and payable are not included in the balance sheet , so therefore the amount that would be reported as receivables from affiliates is $0.

7 0
3 years ago
How far is the sun to the earth​
Gwar [14]

Answer:

The Sun is 91.452 million miles away from Earth.

Explanation:

Hope it helped!

3 0
3 years ago
Read 2 more answers
On August 1, Ernie wrote to Elsie offering to sell Elsie his car for $7,600, and he promised to hold the offer open for ten days
Daniel [21]

Answer:

Yes, the contract is still valid.

Explanation:

Let us first clarify some terms first.

A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.

Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.

Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.

Therefore, as regards to the date on the letter, the contract is still valid.

3 0
3 years ago
A not-for-profit firm uses a small convenience sample to gather data on customer reactions. It invites a small group of customer
Rzqust [24]

Answer:

D. informal surveys is the correct answer

Explanation:

  • Informal survey objectives are to develop an understanding and to collect on the farmers' and customer's situations and also to plan the process to find a solution for these types of problems.
  • In the informal surveys, data gathering process is iterative and interviews are semi directed which is  carried out by the interdisciplinary member
  • Informal surveys are also called as exploratory surveys.
5 0
3 years ago
Verizon Wireless has just announced a 2-for-1 stock split, effective immediately. Prior to the split, Verizon Wireless had a mar
stiks02 [169]

Answer:

hsjsmsjsjejekwkwjehevebjsus

8 0
3 years ago
Other questions:
  • The annual output and prices of a 3-good economy are shown in the table below. instructions: enter your answers as whole numbers
    13·1 answer
  • Which of the following is a drawback of virtual teams?a. They are highly rigid because of organizationally dispersed team member
    9·2 answers
  • The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium pa
    10·2 answers
  • Quantitative Problem 1: Assume today is December 31, 2017. Barrington Industries expects that its 2018 after-tax operating incom
    9·1 answer
  • each professor averages one publication per year and both are excellent teachers. given this information, the wage difference is
    9·1 answer
  • In the liquidation of a partnership, any gain or loss on the realization of non-cash assets should be allocated:_____.
    8·1 answer
  • Black Sheep Printing has 35 employees distributed among the following departments: Sales: 10 Factory: 15 Administration: 10. The
    15·1 answer
  • Business application software programs make it possible to:
    7·1 answer
  • Jackson Corporation owns 10% of the voting stock of Kettering Company and has been reporting it as an equity investment with no
    8·1 answer
  • Imagine you take a shopping trip to a flea market, and you are looking for an old record player. You know the typical antique re
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!