C$5-9$ Analyzing Starbucks's Income Statement and Cash Flow Statement Disclosures

Review Starbucks's financial statements and notes in Appendix A$.$

Required:

$($Note: You do not need to make any calculations.$)$

Does the company use a multiple$-$step or a single$-$step format on its income statement? Explain.

What was the net earnings attributable to Starbucks for $2017?$ What was the basic earnings per common share for $2017?$

What was the amount of the income taxes related to income before income taxes for $2017?$

What was the amount of general and administrative expenses in $2017?$

What amount of depreciation and amortization expense is reported separately on the income statement for $2017?$ How much depreciation and amortization expense is added back to net income on the $2017$ statement of cash flows? What item on the income statement includes the majority of the difference?

What amount of dividends on common stock was paid and declared in $2017?$ If these amounts differ, where is the difference on the balance sheet?

Are Starbucks's revenues seasonal? If so$,$ in which two quarters did Starbucks generate the most revenues in $2016$ and $2017?$

Did Starbucks use the direct or indirect method to determine the net cash provided by operating activities in $2017?$ What was the amount?

What was the net cash used in investing activities in $2017?$

What cash was used for financing activities in $2017?$

Required:

Use the information in these statements to address the following questions:

Does LVMH use a multiple$-$step or a singlestep format on its income statement? Explain.

What was the gross margin as a percentage of revenue for $2018?$ For $2017?$

What was the operating profit margin as a percentage of revenue for $2018?$ For $2017?$

What was the net profit margin $($net profit, group share$)$ as a percentage of revenue for $2018?$ For $2017?$

What were the basic earnings per share and diluted earnings per share for $2018?$

What do the profit margins computed in Requirements $2,3,$ and $4$ and the earnings per share figures in Requirement $5$ reveal about LVMH$\text{'}$s profit performance in $2018$ versus $2017?$

Which amount has a greater impact on the net profit, group share for $2017$: income $($loss$)$ from investments in joint ventures and associates or minority interests?

Does LVMH report comprehensive income using a single continuous statement or consecutive statements?

What was the change in value of availablefor$-$sale financial assets that impacted comprehensive gains and losses for $2017?$ Of this amount, how much was recognized on the income statement in $2017?$

In $2017,$ what amounts did LVMH recognize in comprehensive income for the change in the value of vineyard land before tax and after tax?