1. Take the Starbucks balance sheet (2018) and calculate the % of each account to the total of that section of the balance sheet (cash as a % of total assets, ST investments as a % of total assets......., then A/P as a % total of total liabilities, etc) Do this for all categories under assets, liability. Do not do the equity section. Perform the calculations on 2018 only.

2. What is the accounting equation for Starbucks as of 2017 and 2018? Write it out for both years providing the numbers.

For ALL of the following DO NOT JUST GIVE ME DEFINITIONS. The term It must be explained in the context of and using specifically the Starbucks financial results/statements.

3. What are inventories in general? What are do they specifically represent for Starbucks? (minimum 100 words)

3a.What is the difference between accounts payable and accrued liabilities in general and specific to Starbucks? (minimum 100 words)

3b. What are deferred revenues in general and specific to Starbucks? Why is it a liability? (minimum 100 words)

3c. What is retained earnings in general and specific to Starbucks? (minimum 100 words)

4. What are the differences between the balance sheet and the income statement? Provide all the answers you can think of (bullet points are fine).

STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Sep 30. 2018 Oct 1. 2017 Oct 2. 2016 Fiscal Year Ended Net revenues: Company-operated stores Licensed stores Other Total net revenues Cost of sales including occupancy costs Store operating expenses Other operating expenses Depreciation and amortization expenses General and administrative expenses Restructuring and impairments Total operating expenses Income from equity investees Operating income Gain resulting from acquisition of joint venture Net gain resulting from divestiture of certain operations Interest income and other, net Interest expense Earnings before income taxes Income tax expense Net earnings including noncontrolling interests Net eamings/(loss) attributable to noncontrolling interests Net earnings attributable to Starbucks Earnings per share -- basic Earnings per share - diluted Weighted average shares outstanding: Basic Diluted 16,844.1 2,154.2 2,317.6 21,315.9 8,509.0 6,064.3 499.2 980.8 1,408.9 19,690.3 2,652.2 2,377.0 24,719.5 10,174.5 7,193.2 539.3 1.247.0 1.759.0 224.4 21.137,4 301.2 3,883.3 1,376.4 499.2 191.4 (170.3) 5,780.0 1,262.0 4,518.0 (0.3) 4,518.3 S 3.27 S 3.24 S 17,650.7 $ 2,355.0 2.381.1 22,386.8 9,034,3 6,4933 500.3 1,011.4 1.450.7 153.5 18.643.5 391.4 4.134.7 17.462.2 318.2 4,171.9 93.5 181.8 (92.5) 4.317.5 1,432.6 2.884.9 0.2 2.884.7 S 1.99 $ 1.97 S 5.4 102.6 (81.3) 4,198.6 1,379.7 2.818.9 1.2 2,817.7 1.91 1.90 s s s 1,382.7 1,394.6 1,449.5 1,461.5 1,471.6 1,486.7 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) Sep 30, 2018 4,518.0 $ Oct 1 2017 2,884.9 $ Oct 2 2016 2,818.9 (9.5) 2.9 53.2 (12.6) 3.5 (1.3) (109.6) 27.5 Fiscal Year Ended Net earnings including noncontrolling interests Other comprehensive income/(loss), net of tax: Unrealized holding gains (losses) on available-for-sale securities Tax (expense)/benefit Unrealized gains (losses) on cash flow hedging instruments Tax (expense)/benefit Unrealized gains (losses) on net investment hedging instruments Tax (expense)/benefit Translation adjustment and other Tax (expense)/benefit Reclassification adjustment for net (gains) losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment Tax expense/benefit) Other comprehensive income (loss) Comprehensive income including noncontrolling interests Comprehensive income (loss) attributable to noncontrolling interests Comprehensive income attributable to Starbucks (7.0) 1.9 24.4 (6.5) 7.8 (2.2) (220.0) 3.4 (7.4) (38.3) (2.4) 85.5 19.0 24.7 (1.2) (174.7) 4,343.3 (0.3) 4,343.6 $ (67.2) 14.0 (47.2) 2,837.7 0.2 2,837.5 S 78.2 (11.8) 91.0 2,909.9 1.2 2,908.7 S See Notes to Consolidated Financial Statements, STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS fin millions, except per shiare data Sep 30. 2018 Oct 1 s 8.756.3 S 181.5 693.1 1.400.5 1,462.8 12.494.2 267.7 334.7 5,929.1 134.7 412.2 1.042.2 3,541.6 24,156.4 2,4623 228.6 870.4 1,364.0 358.1 5.283.4 5423 481.6 4,919,5 795.4 3628 441.4 1,5392 14,365.6 ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Long-term investments Equity and cost investments Property, plant and equipment, net Deferred income taxes, net Other long-term assets Other intangible assets Goodwill TOTAL ASSETS LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued liabilities Insurance reserves Stored value card liability and current portion of deferred revenue Current portion of long-term debt Total current liabilities Long-term debt Deferred revenue Other long-term liabilities Total liabilities Shareholders' equity: Common stock (50.001 par value) - authorized, 2,400.0 shares, issued and outstanding, 1,309.1 and 1,431.6 shares, respectively Additional paid-in capital Retained camnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 7825 1.9345 215 2 1.2885 1,179.3 $ 2.298.4 213.7 1.642.9 349.9 5,684.2 9,090.2 6,775.7 1.430.5 22.980.6 4.220.7 3.932.6 4.4 750.9 8.908.6 41.1 1.457.4 (330.3) 1.169.5 41.1 5.5632 (1556) 5.450.1 6.9 5.457.0 14,3656 1,175.8 24.156.4 S See Notes to Consolidated Financial Statements. Oct 2 2016 2.818.9 1.030,1 265.7 (250.2) 223.3 (6.1) 218.1 45.1 (55.6) (67.5) 46.9 180.4 248.8 4,697.9 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Sep 30 Oct 1. Fiscal Year Ended 2018 2017 OPERATING ACTIVITIES: Net earnings including noncontrolling interests $ 4,518.05 2,8849 $ Adjustments to reconcile net eamings to net cash provided by operating activities: Depreciation and amortization 1,305.9 1,067.1 Deferred income taxes, net 714.9 95.1 Income eamed from equity method investees (242.8) (310.2) Distributions received from equity method investees 226.8 186.6 Gain resulting from acquisition of joint venture (1,376,4) Net gain resulting from divestiture of certain retail operations (499.2) (93.5) Stock-based compensation 250.3 176.0 Goodwill impairments 37.6 87.2 Other 89.0 68.9 Cash provided by changes in operating assets and liabilities: Accounts receivable 131.0 (96.8) Inventories (41.2) 14.0 Accounts payable 391.6 46.4 Deferred revenue 7.109.4 130.8 Other operating assets and liabilities (677.1) Net cash provided by operating activities 11.937.8 4.251.8 INVESTING ACTIVITIES: Purchases of investments (191.9) Sales of investments 459.0 1.054.5 Maturities and calls of investments 45.3 149.6 Acquisitions, net of cash acquired (1.311.3) Additions to property, plant and equipment (1.976.4) (1,519.4) Net proceeds from the divestiture of certain operations 608.2 85.4 Other 5.6 Net cash used by investing activities (2,361.5) (850.0) FINANCING ACTIVITIES: Proceeds from issuance of long-term debt 5,584.1 750.2 Repayments of long-term debt (400.0) Proceeds from issuance of common stock 153.9 150.8 Cash dividends paid (1,743.4) (1.450.4) Repurchase of common stock (7.133.5) (2,042.5) Minimum tax withholdings on share-based awards (62.7) (82.8) Other (412) Net cash used by financing activities (3.242.8) (3,079.1) Effect of exchange rate changes on cash and cash equivalents (39.5) 10.8 Net increase in cash and cash equivalents 6,294.0 333.5 CASH AND CASH EQUIVALENTS: Beginning of period 2.462.3 2,128,8 End of period 8,756,35 2.462.35 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest, net of capitalized interest S 137.1 S 96.6 S Income taxes, net of refunds S 1.176.9 $ 1,389.1 S See Notes to Consolidated Financial Statements (1.585.7) 680.7 27.9 (1,440.3) 69.6 24.9 (2.222.9) 1.254.5 160.7 (1.178.0) (1.995.6) (1060) (1.872.8) (3.5) 598.7 1.530,1 2.128.8 74.7 878.7