The financial statements of Green Mountain Coffee are presented in Illustrations 1-15 through 1-18, and Starbucks' financial
Question:
The financial statements of Green Mountain Coffee are presented in Illustrations 1-15 through 1-18, and Starbucks' financial statements are presented in Illustrations 1-6 through 1-9.
\section*{Instructions}
(a) Based on the information in these financial statements, determine the following for each company.
(1) Total assets at September 29, 1996 (Starbucks) and September 28, 1996 (Green Mountain Coffee)
(2) Accounts receivable September 29, 1996 (Starbucks) and September 28, 1996 (Green Mountain Coffee)
(3) Net sales for 1996
(4) Net income for 1996
(b) What conclusions concerning the two companies can you draw from these data?
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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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