The financial statements for Starbucks are presented in Appendix A at the end of this book. section*{Instructions}
Question:
The financial statements for Starbucks are presented in Appendix A at the end of this book.
\section*{Instructions}
Answer these questions using the Consolidated Income Statement:
(a) What was the percentage change in sales and in net income from 1995 to 1996?
(b) What was the profit margin ratio in each of the three years? Comment on the trend.
(c) What was Starbucks' gross profit rate in each of the three years? Comment on the trend.
(d) What was the operating expenses to sales ratio in each of the three years? Comment on any trend in this percentage.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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