Analyzing Starbucks' Financial Statements Refer to the Starbucks financial statements in Appendix A (pp. A12-14) at the end of the text and answer the following questions:

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1. What was the amount of net revenues (total sales) and net earnings for the year ended September 28, 2003? 2. Compute the increase in retained earnings for the year ended September 28, 2003. Is this number familiar? Where did you see it before? 3. What is Starbucks' EPS for the year ended September 28, 2003? Compute the P-E ratio, assuming the market price for Starbucks' stock was $29 at the time. 4. Suppose the average P-E ratio for companies at that time was 15. Do investors expect Starbucks' EPS to grow faster or slower than average? Explain.