29 Jun Question Review the informatio
Question
Review the information relating to EPS found in The Walt Disney Company’s 2009 income statement and notes to the financial statements on the internet. Answer the following questions:
1. Using the information provided on the face of the income statement relating to net income and average number of shares outstanding, verify Disney’s reported basic EPS figure.
2. From the statement of cash flows, we see that Disney paid dividends of $648 million in 2009. Using the average number of Disney common shares outstanding from the EPS computation in (1), compute the approximate dividends paid per share. Using this number compute the dividend payout ratio for Disney. (Note: Dividend payout ratio is dividends per share divided by earnings per share.) Comment on your results.
3. Can you determine from the notes Disney has effected any stock splits recently. How do stock splits affect the presentation of prior year’s information?
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