¨In the fiscal year ended September 2013, Disney reported the following: ¤Operating income (adjusted for leases) = $10,032 million ¤Effective tax rate = 31.02% ¤Capital Expenditures (including acquisitions) = $5,239 million ¤Depreciation & Amortization = $2,192 million ¤Change in non-cash working capital = $103 million ¨The free cash flow to the firm
¨In the fiscal year ended September 2013, Disney reported the following: ¤Operating income (adjusted for leases) = $10,032 million ¤Effective tax rate = 31.02% ¤Capital Expenditures (including acquisitions) = $5,239 million ¤Depreciation & Amortization = $2,192 million ¤Change in non-cash working capital = $103 million ¨The free cash flow to the firm
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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¨In the fiscal year ended September 2013, Disney reported the following:
¤Operating income (adjusted for leases) = $10,032 million
¤Effective tax rate = 31.02%
¤Capital Expenditures (including acquisitions) = $5,239 million
¤
¤Change in non-cash working capital = $103 million
¨The
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