1. Based on Starbucks balance sheet, please highlight a few things that stood out to you on these statements, such as year-to-year changes in profits/losses, inventory changes, etc. As you mention them, please also indicate what that means for the performance of the company.

Below is the balance sheet.

Breakdown 9/30/2021 9/30/2020 9/30/2019 9/30/2018 > Total Assets 31,392,600 29,374,500 19,219,600 24,156,400 > Total Liabilities Net Minority Int... 36,707,100 37,173,900 25,450,600 22,980,600 > Total Equity Gross Minority Inte... -5,314,500 -7,799,400 -6,231,000 1,175,800 Total Capitalization 8,295,700 6,854,500 4,934,800 10,259,700 Common Stock Equity -5,321,200 -7,805,100 -6,232,200 1,169,500 Capital Lease Obligations 8,989,300 8,910,500 Net Tangible Assets -9,348,400 -11,954,400 -10,504,800 -3,414,300 Working Capital 1,605,000 459,600 -514,800 6,810,000 Invested Capital 9,294,600 8,543,200 4,934,800 10,609,600 Tangible Book Value -9,348,400 -11,954,400 -10,504,800 -3,414,300 Total Debt 23,605,100 25,258,800 11,167,000 9,440,100 Net Debt 8,160,100 11,997,400 8,480,400 683,800 Share Issued 1,180,000 1,173,300 1,184,600 1,309,100 Ordinary Shares Number 1,180,000 1,173,300 1,184,600 1,309,100