Exhibit A: CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data) 2015 2014 Revenues: 2013 Services 43,894 40 246 Products 37.280…

Get perfect grades by consistently using www.college-experts.com. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Using the fiscal 2015 financial data provided in the below, please explain a budget for fiscal 2016 using as assumed growth rate of 5%. Please state all assumptions.

Exhibit A:CONSOLIDATED STATEMENTS OF INCOME(in millions, except per share data)20152014Revenues:2013Services43,89440 246Products37.2808.5718.5677,761Total revenues52,46518 81315.041Costs and expenses:Cost of services (exclusive of depreciation and amortization)(23,191)(21,356)(20,090)Cost of products (exclusive of depreciation and amortization)(5,173)(5,064)(4,944)Selling, general, administrative and other(8,523)(8,565)(8,365)Depreciation and amortization(2,354)(2,288)(2,192)Total costs and expenses(39,241)(37,273)(35,591)Restructuring and impairment charges($3)140)(214)Other expense, net(31)(69)Interest income/(expense), net(117)23(235)Equity in the income of investees814854688Income before income taxes13,86812.2469.620Income taxes(5,016)(4,242)(2,984)Net income8,8528,0046.636Less: Net income attributable to noncontrolling interests(470)(503)(500)Net income attributable to The Walt Disney Company (Disney)8,3827,5016,136

Writerbay.net

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper