Analyzing Starbucks's Balance Sheet Disclosures Review the financial statements and related notes of Starbucks in Appendix A. Required: Answer the following questions pertaining to Starbucks's balance sheet as of October 1, 2017, and related information. (Note: You do not need to make any calculations. All answers may be found in the financial report.) If required, round your answers to one decimal place. 1. What was the amount of the current assets and current liabilities? Current assets $ million Current liabilities $ million 2. What was the single largest current asset and current liability? Single largest current asset Cash and cash equivalents $ Single largest current liabilities Deferred revenue $ million million 3. What was the amount in the allowance for doubtful accounts? $ million 4. What is the par value of the company's common stock? How many shares were issued and outstanding? Common stock $ (Round your answer to three decimal places.) Shares issued and outstanding million 5. What was the total amount of inventory? $ million What were the principal categories of inventory? All of the choices are correct. 6. What costing method was used for inventories? Average cost or first-in, first-out 7. What was the total property, plant, and equipment before and after accumulated depreciation? Before accumulated depreciation: $ million After accumulated depreciation: $ million 8. What was the accumulated depreciation? $ million What method does the company use to depreciate its property, plant, and equipment? Straight-line method 9. What was the long-term debt? $ million When is the debt due? The long-term notes are due as follows $ million in 2022; $ million in 2023; $ million in 2045. million in 2018; $ million in 2024; $ million in 2021; $ million in 2026; and $ 10. What was the retained earnings balance? $ million What caused retained earnings to change in 2017? All of the choices are correct. 11. What was the accumulated other comprehensive income / (loss) balance? $ million 12. What was the noncontrolling interest balance? $ million STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Oet le 2017 Oet 2. 2016 ASSETS Current assets: $ 2,462.3 228.6 870.4 1,364.0 358.1 5,283.4 542.3 481.6 4,919.5 795.4 362.8 441.4 1,539.2 14,365.6 2.128.8 134.4 768.8 1,378.5 347.4 4,757.9 1.141.7 354.5 4,533.8 885.4 403.3 516,3 1,719.6 14,312.5 S 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 Current portion of long-term debt Total current liabilities Long-term debt Other long-term liabilities Total liabilities Shareholders' equity: Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding. 1,431.6 and 1,460.5 shares, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 782.5 1,934.5 215.2 1,288.5 730.6 1,999.1 246.0 1.171.2 3999 4,546.8 3,185.3 689.7 8,421.8 4,220.7 3,932.6 755.3 8,908.6 1.4 41.1 5,563.2 (155.6) 5,450.1 1.5 41.1 5.949.8 (108.4) 5.884.0 6.7 5.890.7 14,312.5 5,457.0 14,365.6 $ $ Analyzing Starbucks's Balance Sheet Disclosures Review the financial statements and related notes of Starbucks in Appendix A. Required: Answer the following questions pertaining to Starbucks's balance sheet as of October 1, 2017, and related information. (Note: You do not need to make any calculations. All answers may be found in the financial report.) If required, round your answers to one decimal place. 1. What was the amount of the current assets and current liabilities? Current assets $ million Current liabilities $ million 2. What was the single largest current asset and current liability? Single largest current asset Cash and cash equivalents $ Single largest current liabilities Deferred revenue $ million million 3. What was the amount in the allowance for doubtful accounts? $ million 4. What is the par value of the company's common stock? How many shares were issued and outstanding? Common stock $ (Round your answer to three decimal places.) Shares issued and outstanding million 5. What was the total amount of inventory? $ million What were the principal categories of inventory? All of the choices are correct. 6. What costing method was used for inventories? Average cost or first-in, first-out 7. What was the total property, plant, and equipment before and after accumulated depreciation? Before accumulated depreciation: $ million After accumulated depreciation: $ million 8. What was the accumulated depreciation? $ million What method does the company use to depreciate its property, plant, and equipment? Straight-line method 9. What was the long-term debt? $ million When is the debt due? The long-term notes are due as follows $ million in 2022; $ million in 2023; $ million in 2045. million in 2018; $ million in 2024; $ million in 2021; $ million in 2026; and $ 10. What was the retained earnings balance? $ million What caused retained earnings to change in 2017? All of the choices are correct. 11. What was the accumulated other comprehensive income / (loss) balance? $ million 12. What was the noncontrolling interest balance? $ million STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Oet le 2017 Oet 2. 2016 ASSETS Current assets: $ 2,462.3 228.6 870.4 1,364.0 358.1 5,283.4 542.3 481.6 4,919.5 795.4 362.8 441.4 1,539.2 14,365.6 2.128.8 134.4 768.8 1,378.5 347.4 4,757.9 1.141.7 354.5 4,533.8 885.4 403.3 516,3 1,719.6 14,312.5 S 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 Current portion of long-term debt Total current liabilities Long-term debt Other long-term liabilities Total liabilities Shareholders' equity: Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding. 1,431.6 and 1,460.5 shares, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 782.5 1,934.5 215.2 1,288.5 730.6 1,999.1 246.0 1.171.2 3999 4,546.8 3,185.3 689.7 8,421.8 4,220.7 3,932.6 755.3 8,908.6 1.4 41.1 5,563.2 (155.6) 5,450.1 1.5 41.1 5.949.8 (108.4) 5.884.0 6.7 5.890.7 14,312.5 5,457.0 14,365.6 $ $