Deciphering Financial Statements
Not what you're looking for?
In the press release announcing Disney's results for the first fiscal quarter of 2008 ending December 29, 2007, the company stated the following:
The Walt Disney Company today reported earnings for its first fiscal quarter ended December 29, 2007. Diluted earnings per share (EPS) for the quarter were $0.63 . . . EPS in the prior-year quarter . . . were $0.79.
The prior-year quarter's EPS of $0.79 included $1.1 billion gains on the sales of Disney's interests in E! Entertainment and Us Weekly and a $48 million equity-based compensation plan modification charge. In aggregate, these items increased the prior year quarter's EPS by $0.29.
1. By what percentage did Disney's EPS decrease from the end of its first fiscal quarter in 2007 to the end of its first fiscal quarter in 2008?
2. Suppose none of the non-operating transactions disclosed in the second paragraph had occurred in the first fiscal quarter of 2007. Compute the percentage change in EPS.
Purchase this Solution
Solution Summary
Response helps in deciphering financial statements.
Solution Preview
In the press release announcing Disney's results for the first fiscal quarter of 2008 ending December 29, 2007, the company stated the following:
The Walt Disney Company today reported earnings for its first fiscal quarter ended December 29, 2007. Diluted earnings per share (EPS) for the quarter were $0.63 . . . ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.