Case 4.1 (P.330) a. Exhibit 4.44 presents profitability ratios for Starbucks for fiscals 2006 and 2007. Using the financial statement data in exhibit 1.26 and 1.27, compute the values of these ratios for fiscal 2008. The income tax rate is 35 percent. For accounts receiveable turnover, use only specialty revenues for the numenator, because the accounts receivable are primarily related to licencing and food service operations, not the retail operatrions. Use cost of sales, including occupancy costs, for the numerator of the inventory turnover because Starbucks does not disclose separately the cost of products sold (the appropriate numerator) and occupancy costs. b