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    Steven Sallander
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    This document contains reformulated financial statements and ratios for a company in 1997 and 2000. It includes an income statement, balance sheet, and calculations of key financial ratios such as return on assets, profit margin, asset turnover, and return on common stock. The ratios show higher profitability and returns in 1997 compared to 2000.

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    This document contains reformulated financial statements and ratios for a company in 1997 and 2000. It includes an income statement, balance sheet, and calculations of key financial ratios such as return on assets, profit margin, asset turnover, and return on common stock. The ratios show higher profitability and returns in 1997 compared to 2000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    51 views3 pages

    Disney Case

    Uploaded by

    Steven Sallander
    This document contains reformulated financial statements and ratios for a company in 1997 and 2000. It includes an income statement, balance sheet, and calculations of key financial ratios such as return on assets, profit margin, asset turnover, and return on common stock. The ratios show higher profitability and returns in 1997 compared to 2000.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    OR

    (OE)
    OI
    FE
    (FI)
    CI

    Reformulated Income Statement 2000


    25402
    22,554

    Reformulated Income Stateme


    OR
    (OE)
    OI
    FE
    (FI)
    CI

    1,851
    558
    (NFE)

    934
    917

    Reformulated Balance Sheet 2000


    Operating Assets
    Financing Obligations & Owners Equity
    OA
    42757
    FO
    6,959
    (OL)
    -13968
    (FA)
    -2270
    NFO
    4,689
    CSE
    24,100
    NOA
    28,789
    NFO+CSE
    28,789

    Reformulated Balance Sheet 19


    Operating Assets
    OA
    (OL)

    Comprehensive Income
    Year
    1997
    NI
    1966
    (OCI)
    -51

    Operating Income after Tax


    1997
    2000
    OI
    4312
    2848
    (1-Tax%)
    65.0%
    65.0%
    OIt
    2802.80
    1851.20

    Return on Common Stock

    P/E

    Return on NOA

    CI

    1915

    2000
    920
    -3
    917

    Earnings Per Share (EPS)


    1997

    2000

    NI
    # Shares
    EPS

    920
    2086
    0.441

    1966
    2013
    0.977

    Mkt Value
    EPS
    P/E

    NOA

    1997

    2000

    80.62
    0.977
    82.547

    38.25
    0.441
    86.728

    CI
    CS
    ROCE

    OIt
    NOA
    RNOA

    Financial Leverage (FLEV)


    1997
    2000
    NFO
    9,171
    4,689
    CSE
    1679
    24100
    FLEV
    5.462
    0.195

    Net Barrowing Cost (NBC)


    1997
    2000
    NFE
    888
    934.20
    NFO
    9,171
    4,689
    NBC
    9.68%
    19.92%

    Book Value

    Profit Margin (PM)


    1997
    OIt
    2802.80

    Asset Turnover (ATO)


    1997

    PM*ATO

    Sales
    PM

    22,473
    0.125

    2000
    1851.20
    25,402
    0.073

    Sales
    NOA
    ATO

    22,473
    10,850
    2.071

    S/H Equity
    # of Shares
    BV

    2000
    25,402
    28,789
    0.882

    PM
    ATO
    RNOA

    ROCE=RNOA+[FLEV*(RNOA-NBC)]
    1997
    2000
    RNOA
    25.83%
    6.43%
    FLEV
    5.462
    0.195
    NBC
    9.68%
    19.92%
    ROCE
    114.06%
    3.80%

    Reformulated Income Statement 1997


    22473
    -18161

    Price per share as of 9/30


    1997
    2000
    80.62
    38.25
    2802.80

    693
    (NFE)

    Statutory Tax Rate


    35%

    887.80
    1915

    Reformulated Balance Sheet 1997


    Operating Assets
    Financing Obligations & Owners Equity
    35879
    FO
    11,068
    -25029
    (FA)
    -1897
    NFO
    9,171
    CSE
    1,679
    10,850
    NFO+CSE
    10,850

    Return on Common Stock


    1997
    1915
    1679
    114.06%

    2000
    917
    24100
    3.80%

    Return on NOA
    1997

    2000

    2802.80
    10850
    25.83%

    1851.20
    28789
    6.43%

    1997
    1679
    2013
    0.83

    2000
    24100
    2086
    11.55

    P/B

    1997

    2000

    0.125
    2.071
    25.83%

    0.073
    0.882
    6.43%

    $/Share
    BV/Share
    P/B
    Growth Rate
    1997 to 2000

    1997
    80.62
    0.83
    96.66

    2000
    38.25
    11.55
    3.31

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