Exhibit 5.27 presents risk ratios for Starbucks for 2010 and 2011. Exhibits 1.26-1.28 present the financial statements for Starbucks.

A. 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 fiscal 2012, and the market price per share was $50.71. For days accounts receivable outstanding, use only speciallty revenues in your calculations, because accounts receivable are primarily related to licensing, and food service serive operations, but not retail operations. Please show calculations as well as answer.

B. Risk Assessment

Short-Term Liquidity Risk: Discuss current ratio, quick ratio, operating cash flow to 1. current liabilities ratio, days accounts receivable, days in inventory, days accounts payable in addressing this risk.Then, provide a concluding sentence summarizing this risk.

Long-Term Solvency Risk: Discuss long-term debt ratios, operating cash flow to total liabilities, interest rate coverage ratio in address this risk. Then, provide a concluding sentence summarizing this risk.

Bankruptcy Risk: Discuss Altmans Z-score. Then, provide a concluding sentence summarizing this risk.

Chapter 5-90329 ACC 41, x Financial Reporting Financi. Financial Reporting Financi. Chow to screenshot on com. x + www.chegg.com omework-help/exhibit 126 presents comparative ba comparative-balance-sh eets-exhibit-12 7 chapter 1 problem! EJ C Search Chegg' BooKS BOOKS MORE> Find books, solutions tutors and more Chapter: CH1 Problem: | Problem: show all steps hib Starbucks Corporation Comparative Balance Sheets amounts in millions) (Integrative Case 1.1) Fiscal Year Ended 2012 2011 2010 2009 ASSETS Current assets: CH1 1QE $1,189 1,148 1,164 286 303 543 600 Cash and cash equivalents Short-term investments available-for-sale securities Accounts receivable, net Inventories Prepaid expenses and other current assets Deferred income taxes, net Total current assets 848 486 1,242 665 287 $4,200 $3,795 $2036 $2,756 S 192 342 Long-term investments available-for-sale securities Equity and cost investments Property, plant and equipment, net Other assets 352 2,536 2,659 385 2,355 259 5,577 Total Assets LIABILITIES AND SHAREHOLDERS EQUITY Current liabilities $7,360 $6386 Accounts payable Accrued compensation and other acarued expenses ,134 Insurance reserves Deferred revenue Total Current Liabilities 398 540 283 267 772 154 389 $2,210 2,076 1,779 1,581 549 390 $2,520 936 Long-term debt Other long-term liabilities 549 375 $2,704 345 Total Liabilities $2,973 Shareholders' equity Common stock ($0.001 par value) Additional paid-in capital Other additional paid-in-capital Retained earnings Accumulated other comprehensive income Total Shareholders' Equity Non-controlling Interests Total Equity 39 106 5,046 23 $5,109 4,297 $4,385 4,387 2,793 $3,046 $3,057 $3,682 e ET Financial Reporting E Chapter Integrativ MicrosoftExcern