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Choose a publicly traded company (STARBUCKS) and perform an expanded analysis on the financial statements. Use the most current 10K statements available on SEC or

Choose a publicly traded company (STARBUCKS) and perform an expanded analysis on the financial statements. Use the most current 10K statements available on SEC or annual statements in Yahoo Finance. Complete the following for your chosen firm in an Excel spreadsheet in Part I: Horizontal and vertical analysis of the income statements for the past three years (all yearly balances set as a percentage of total revenues for that year). Horizontal and vertical analysis of the balance sheets for the past three years (all yearly balances set as a percentage of total assets for that year). Ratio analysis (eight ratios of your choosing) for the past five years. Comparing your firms ratios to a close competitor or an industry-average ratio makes your analysis much more meaningful. Altmans Z-Score; Z = 1.2A + 1.4B + 3.3C + 0.6D + .99E A= Working Capital / Total Assets B= Retained Earnings / Total Assets C= Earnings before interest and taxes / Total Assets D= Market value of equity / Total liabilities E= Sales / Total assets

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