. Compute the values of each of the ratios in Exhibit 5.27 for Starbucks for 2012. Starbucks

had 749.3 million common shares outstanding at the end of ?scal 2012, and the market

price per share was $50.71. For days accounts receivable outstanding, use only specialty

revenues in your calculations, because accounts receivable are primarily related to licens-

ing and food service operations, not the retail operations.

b. Interpret the changes in Starbucks risk ratios during the three-year period, indicating

areas of concern.

Chapter 6- 2 questions

a. Given your knowledge of Starbucks