what were the amounts of total assets total liabilities and stockholders equity at y 579299

Reading and Interpreting a Balance Sheet A recent balance sheet for Walt Disney Company is provided below.

Walt Disney Company Consolidated Balance Sheets
(In millions, except per share data)
30 Sep	2001	2000
ASSETS
Current Assets
Cash and cash equivalents	$618	$842
Receivables	3,343	3,599
Inventories	671	702
Television costs (current)	1,175	1,162
Other assets	1,222	1,258
Total current assets	7,029	7,563
Film and television costs	5,235	5,339
Investments	2,061	2,270
Parks, resorts and other property, at cost
Attractions, buildings and equipment	20,635	19,202
Accumulated depreciation	7,728	6,892
12,907	12,310
Intangible assets, net	14,540	16,117
Other assets	1,927	1,428
Total assets	$43,699	$45,027
30 Sep	2001	2000
LIABILITIES AND STOCKHOLDERS” EQUITY
Current Liabilities
Accounts payable and other accrued liabilities	$4,603	$5,161
Current portion of borrowings	829	2,502
Unearned royalties and other advances	787	739
Total current liabilities	6,219	8,402
Borrowings	8,940	6,959
Other noncurrent liabilities	5,486	5,210
Minority interests	382	356
Stockholders” Equity
Common stock	12,096	12,101
Retained earnings	12,171	12,767
Adjustments	1,595	768
Total stockholders” equity	22,672	24,100
Total liabilities and stockholders” equity	$43,699	$45,027

Note: Slight modifications have been made to the format of the statement to simplify the presentation.

Required Respond to the following questions.

A. Do you agree that Disney”s balance sheet is both classified and comparative? Explain why or why not.

B. At year end 2001, what percentage of total assets was composed of current assets? Had this percentage increased or decreased since year end 2000?

C. What was Disney”s amount of working capital at year end 2001? Did it change significantly from year end 2000?

D. Compute the working capital ratio at year end 2001 and year end 2000. Did it improve or deteriorate between 2000 and 2001?

E. Film and television costs is the amount paid to produce movies or television shows.

Explain why it appears in two places on the balance sheet.

F. What were the amounts of total assets, total liabilities, and stockholders” equity at yearend 2001 and year end 2000?

G. Did Disney”s overall financial position improve between 2000 and 2001? Explain.