What were primary cause of entertainment enterprise increase

Assignment Help Financial Accounting

Reference no: EM13939237

USING COMMON SIZE INCOME STATEMENT DATA

The 2009, 2008, and 2007 income statements for Entertainment Enterprises appear on the following page.

Entertainment Enterprises Income Statement
	Year	Ended December	31,
	2009	2008	2007
Revenues Theme parks and resorts Filmed entertainment Consumer products Costs and Expenses Theme parks and resorts Filmed entertainment Consumer products Operating Income Theme parks and resorts Filmed entertainment Consumer products Corporate Activities General and administrative expenses Interest expense Investment and interest income Income (loss) on investment in Asian theme park Income before income taxes Income taxes Net income	$3,440.7	$3,306.9	$2,794.3
	3,673.4	3,115.2	2,593.7
	1,415.1	1,081.9	724.0
	$8,529.2	$7,504.0	$6,112.0
	$2,693.8	$2,662.9	$2,247.7
	3,051.2	2,606.9	2,275.6
	1,059.7	798.9	494.2
	$6,804.7	$6,068.7	$5,017.5
	$ 746.9	$ 644.0	$ 546.6
	622.2	508.3	318.1
	355.4	283.0	229.8
	$1,724.5	$1,435.3	$1,094.5
	$ 164.2	$ 148.2	$ 160.8
	157.7	126.8	105.0
	(186.1)	(130.3)	(119.4)
	$ 135.8	$ 144.7	$ 146.4
	$ (514.7)	$ 11.2	$ 63.8
	$1,074.0	$1,301.8	$1,011.9
	402.7	485.1	375.3
	$ 671.3	$ 816.7	$ 636.6

Required:

1. Calculate how much each of the revenues and expenses changed from 2007 through 2009.

2. Explain what were the primary causes of Entertainment Enterprises' increase in net income in 2008 and the decrease in 2009.

Reference no: EM13939237

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