Practice Midterm Quiz 15b

Question 1

72. How large were the Lucasfilm revenues and net income in 2013?

a. About equal to the Media Networks segment
b. About equal to the Studio Entertainment segment
c. The largest revenues and net income of any Disney segment in history
d. Very small

Answer 1

72.

Answer = D

Question 2

73. Which ONE of the following is Disney’s LEAST profitable segment?

a. Media Networks
b. Parks and Resorts
c. Studio Entertainment
d. Consumer Products
e. Interactive

Answer 2

73.

Answer = E

Question 3

74. The following data are for the G&H Supermarket Stores.Property, plant, and equipment (PP&E) 2,500
    Total reported assets 5,000
    Total reported liabilities 2,000
    Sales 15,000Estimated value of PP&E leased 3,500
    Estimated “lease payment
    obligation” not in balance sheet 3,500

Compute G&H’s ADJUSTED PPE turnover ratio after considering the impact of the off-balance-sheet leased assets and lease obligation.

a. 0.32
b. 2.50
c. 0.71
d. 0.40
e. 3.08

Answer 3

74.
Answer = B

$15,000 / ($2,500 + $3,500) = 2.50