The financial statements of Green Mountain Coffee are presented in Appendix B, following the financial statements for
Question:
The financial statements of Green Mountain Coffee are presented in Appendix B, following the financial statements for Starbucks in Appendix A.
\section*{Instructions}
(a) Based on the information contained in these financial statements, determine each of the following for each company:
(1) Cash and cash equivalents balance at September 28, 1996, for Green Mountain and at October 1, 1996, for Starbucks.
(2) Increase (decrease) in cash and cash equivalents from 1995 to 1996.
(3) Cash provided by operating activities during 1996 (from statement of cash flows).
(4) Total assets balance at September 28, 1996, for Green Mountain and at October 1, 1996, for Starbucks.
(b) What conclusions concerning the management of cash can be drawn from these data?
Step by Step Answer:
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso