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1.At the beginning of fiscal year of 2015, The Walt Disney Company's equity equaled $48,655 million. During the year, assets increased by $3,851 million and year-end assets equaled $92,033 million. Equity decreased $1,332 million during the year. What were beginning and ending amounts for Walt Disney's liabilities? a. The total assets of Kohl's Corporation equal $13,905 million and its shareholders' equity is $6,048. What proportion of Kohl's Corporation is financed by debt (non-owners)? b. Selected balance sheet and income statement data follow for Goodyear Tire & Rubber Company for the year ended December 31, 2013 (in millions). Cash and cash equivalents Accounts receivable Total current assets Total current liabilities Total liabilities Total liabilities and shareholders equity $8,644 $5,025 $15,082 $17,527 $2,996 $2,435 Compute the current ratio: A. 1.08 B. 0.57 C. 1.72 D. 1.16 c. The inventory turnover rates for Abercrombie & Fitch Co. (ANF) and TJX Companies (TJX) in 2015 are calculated as follows: Inventory turnover rate ANF = 3.18 TJX= 6.85 Days inventory outstanding ANF - 114.78 days TJX - 53.28 days Which of the following statement is correct according to the information above? A. TJX collects accounts receivable more quickly than ANF. B. TUX sells inventory more quickly than ANF. C. ANF sells inventory more quickly than TUX. D. A lower inventory turnover rate is preferred so that ANF has the better inventory turnover ratio

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