Here is the synopsis of our sample research paper on Disney Corp.; Current Assets And Liabilities And Cash Management. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 7 page paper looks at the Disney Corporation between the years 2005 and 2007. The changes in the levels of the current assets and current liabilities are considered in terms of cash management and a projection is made regarding impacts that a 20% increase in revenue will have on the cash management. The bibliography cites 3 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEdiscurrent.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
with the net profit margin before tax (EBT) for 2007 being 21.8%, this increased from 15.9% in 2006 and 12.5% in 2003 and revenues increased from $31,944 million in 2005
to $ 35,510 million in 20071. This is a positive improvement in performance, but it also comes with some consequences, as performance levels change there are likely to be changes
seen in the cash management as a result of changes in the current assets and currently liabilities. Even where there are issues unrelated, or only indirectly related to the increased
turnover there are knock on effects on the way that the cash flow and management takes place. When looking at the pattern over the last few years there is
an overall increase in the total current assets, increasing from $8,845 in 2005 to $9,562 in 2006 and then to $11,314 in 2007. A clearer understanding of what is
going on can be gained by looking at the area where there are any significant changes. The accounts receivable does change, increasing
slightly, this remains a fairly consistent level in terms of the proportion of the current assets, in 2005 when it is $4,585 it is 51.8% of the total current assets,
in 2006 in increases to $4,707 making up 49.9% of the current assets and in 2007 it increases to $5,032 which means that this makes up 44.5% of the current
assets. This is the single most important group, but it is worth noting that the level is decreasing proportionally to the level of current assets. This does appear to
indicate that there are some improvements in efficiency. To consider the management of the income revenues the way that the accounts are managed can also be considered. This does indicate
...