I am recently working on the 'Starbucks Financial statement analysis' and a total analysis of its financial condition over the 5 recent years ( from 2016 to 2020). There are some graphs in the below.

a. Please analyse each graph individually first.

b. Then, make comparisons between graphs and draw conclusions that why there were/were not significant changes in the graphs.

c. Based on the graphs, make some recommendations for better future financial function of Starbucks.

It is a very urgent problem, so I will highly appreciate your help. Thanks

.

Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:16 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X Cut Copy Paste NEW NEW Format Slide Layout E Shane Fill Reset T -A- A- A A umbe X X AVAN Ubbe B AF Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 11 Common-size Analysis CUTIMISOA Operating Income (%) 12 25 19.57% 18.47% decreasing slightly and then plunged in 2020 20 15.71% 15.38% 75 13 111 6.64% 2020: impacted by high operating expense due to COVID-19 5 236 2017 2018 2019 2020 14 2016 2017 2018 Unit: $ in Millions 2019 2020 26.508.6 23,518 22,728.7 22.278.8 21,315.9 24,719.5 15 Revenue Total operating expenses 22,386.8 18,643.5 17,462.2 21,137.4 13 Click to add notes 16 Cash Slide 13 of 40 English (Russial Notes Comments + + 105% 3 BE A P W Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share PowerPoint File ... Home Insert Draw X cut Paste NEW Format a. Slide - Layout EE EEEE Shane Fill Reset T -A- A- A - A Uabe X X AY AL B ES F Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 15 Common-size Analysis Property, Plant and Equipment, Net (%) 16 34.25% 31.64% 33.46% 2018: sold the Tazo brand, recipe, properties and inventory to Unilever 25 . 24.54% 20 21.25% 17 2020: closed stores due to COVID-19 310 company-operated stores closed - 304 licensed-stores closed ...worldwide 15 10 5 2016 2:18 2020 18 shows a sharp decline in 2018 and 2020 19 CLV 17 Click to add notes Slide 17 of 40 English (Russia) Notes Comments + 105% 3 X A P W Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share PowerPoint File ... Home Insert Draw X cut Paste NEW Format a. Slide - Layout E Shane Fill Reset T -A- A- A - A Uabe X X AY AL B = Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 15 Common-size Analysis Inventory, Net (%) 12 16 9.62% 9.49% 10 7.96% 5 2017: sold company-operated retail store assets and operations to Maxim's Caterers Limited 5,28% 5 17 CI 5.8% 2020: intentionally reduced as an influence of COVID-19 2 0 2016 2017 2018 2019 2020 18 generally fluctuating slightly, shows clear decrease in 2018 and 2020 19 CLV 18 Click to add notes Slide 18 of 40 English (Russia) Notes Comments + 105% 3 X A P W Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share PowerPoint File ... Home Insert Draw X Cut Copy Paste New Format Guld Slide - Layout Shane Fill Reset T -A- A- A - A uwe X X AY A Uabe XAV EE EEEE ES AF Convert to SmartArt B Picture Shapes Text Arrange Shape Outline Section Quick Styles Box 16 Common-size Analysis Total Liabilities (%) 17 140 126.55% 120 132.42% 95.13% 100 2019 deferred tax liabilities, lease obligation Green Coffee Purchase commitment by 2030 50 18 58,89% 0 62.01% 40 2020: impact of sales deleverage 20 0 19 2010 2017 2016 2019 2020 shows a sharp increase between 2017 to 2019, but suddenly decreased in 2020 20 CATOARE 19 [No Title] [) Click to add notes 21 Slide 19 of 40 English (Russia) Notes Comments + 105% 3 A P W PowerPoint File Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Draw Design Transitions Animations Slide Show Review + Share - Layout Home Insert X cut Copy Paste Format T E Shane Fill Reset -A- A A - obe X X AV Air B NEW NE Slide AF Convert to SmartArt Picture Shapes Text Box Arrange Section Quick Styles Shape Outline 19 Comparative Analysis 20 Carreras Revenues (%) 2016: driven by sales leverage, partially offset by investments in partners and digital platforms 15 11.24% 10.42% 13 7.24% 21 5 5.02% 2018: acquisition of its East China business from its joint venture partners 3 2016 2017 2013 2019 2020 5 22 -13 expansion of 1,300 stores in East China - 11.28% -15 2020: closure of stores worldwide 23 Unit: S in Millions 2016 2017 2018 2019 2020 Revenues 21,315.9 22,386.824,719.5 26,508.6 23,518 22 24 Click to add notes Slide 22 of 10 English (Russia) Notes Comments + 105% 3 X A P W PowerPoint File Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:19 Window Help 3 PPT View Q Search in Presentation Draw Design Transitions Animations Slide Show Review + Share A - Layout Home Insert X cut Copy Paste Format EE EEEE Shane Fill Reset T -A- A A - Uabe ale X X AV AS B NEW NE Slide Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 19 Comparative Analysis 20 Carreras Store operating expenses (%) 12.07% 10.78% 2018: acquisition of its East China business from its joint venture partners 10.78% 2 21 11 G 7.07% 2020: 1) Additional store operating costs related to the COVID Pandemic response 2) the number of stores increased by 11% year-on-year 4 2.58% 22 2 0 2016 2017 2018 2019 2020 . 23 Unit: $ in Millions 2020 2016 2017 2018 2019 Store operating expenses 6,064.3 6,493.3 9,472.2 10.493.6 10,764 23 24 Click to add notes Slide 23 of 40 English (Russia) Notes Comments + + 105% 3 BE A P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:19 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X Cut Paste New Format au Slide - Layout E Shane Fill Reset T -A- A A - Udhe X XAVAS Uabe B => AF Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 20 : Comparative Analysis 21 Depreciation and amortization expenses (%) 25 . 23.29% shows a sharp increase in 2018, but gradually decreases afterward 20 22 5 9.72% 10.45% . + ___ 3.92% 2018: 1) impact of newly opened company- operated stores in East China 2) gradient seems high because increase in 2018 is higher than increase in 2017 5 23 3.12% 2017 2016 2018 2019 2005 Unit: S in Millions 2020 24 2016 2017 2018 2019 Depreciation and amortization expenses 980.8 1,011.4 1,247 1,377.3 1,431.3 24 25 Click to add notes Slide 24 of 40 English (Russia) Notes Comments 105% 2 A P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X Cut Copy Paste NEW NEW Format Slide - Layout T EE EEEE Shane Fill - Reset -A- A A - Une X X AV Aa' B Uabe F Convert to SmartArt Picture Shapes Text Arrange Section Shape Outline Quick Styles Box 23 Comparative Analysis 24 Cash and Cash Equivalents, at Carrying Value (%) 255.61% 350 230 150 25 130 61.95% 39.13% 5C 15.67% 21h 2017 2015 pon 2003 50 26 -69.32% 27 26 28 Click to add notes Slide 26 of 40 English (Russia) Notes Comments + 105% 2 A a P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 PowerPoint File ... Home Insert Draw X Cut Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A - Layout E Shane Fill - Reset T -A- A- A - A obe X X AV Air Paste Copy Format B = = = New Slide AF Convert to SmartArt Picture Shapes Text Arrange Section Shape Outline Quick Styles Box 24 Comparative Analysis 25 Gm Goodwill (%) 130.09% 20 100 26 80 GO 40 23 9.15% 3.05% -1.43% -10.49% % D 27 2016 2018 2019 -20 28 27 29 Click to add notes Slide 27 of 40 English (Russia) Notes Comments BE L A a P W NORRBO ODA-2 Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X cut Copy Paste NEW # Format NE Slide Layout T EE EEEE Shane Fill - Reset -A- A A - obe X X AV Air B Convert to SmartArt Picture Shapes Text Arrange Section Shape Outline Quick Styles Box 25 Comparative Analysis 26 Accounts Payable, Current (%) 50.71% 60 SO 43 30 27 20 6.78% 13 7.1% 0.88% 3 2016 2017 2018 2010 -13 .-16.12% 28 -23 29 FUN. 28 Click to add notes 30 www Slide 28 of 40 English (Russia) Notes Comments BE A a P W L NOSABAB BORA Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X cut Copy Paste # New Format Slide - Layout E Shane Fill Reset T -A- A- A - A Ubbe Une X X AV Aa' B = = Convert to SmartArt Picture Shapes Text Box Arrange Section Quick Styles Shape Outline 28 Ratio Analysis Current Ratio (%) 29 240 219.81% 2018: active overseas store expansion and promotion progress for loyal customers - 200 150 104.7% 106.26% 2019: impact of 8,000 company- operated stores closing for racial bias training 30 100 125.18% 91.65% 50 2020: openings of new format of stores, Starbucks Pickup 2016 2017 2018 2019 31 Unit $ in Millions 2016 2017 2018 2019 2020 Total current assets 4.760.5 5,283.4 12,494.2 5,653,9 7,806.4 32 Total current liabilities 4,546.9 4,220.7 5,684.2 6,168.7 7,346.8 30 Click to add notes Slide 30 of 40 English (Russia) Notes Comments H + 105% 3 X A P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X cut Copy Paste # New Format Slide - Layout E Shane Fill Reset T -A- A- A A Ubbe ale X X AV AS B = = Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 28 Ratio Analysis Inventory Turnover (times) 29 10 . TalDD 2018: result of vigorous marketing ex) transformation of loyalty program 2 7.36% 7 6.34% 30 5.82% 6 6.59% - 2020: decline in sales due to COVID-19 - difficult to predict demands and manage inventory due to fluctuating circumstances and policies 4.99% 1116 2017 2 22 31 gradually increases between 2016 to 2018, but steadily decreases from 2019 32 31 Click to add notes Slide 31 of 40 English (Russia) Notes Comments BE X A 6 lo P W FREE LARARBRE GDR NOSARBA Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X X Cut Copy Paste NEW NEW Format Slide - Layout E Shane Fill Reset T -A- A- A A umbe X X AVAN Ubbe B = = Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 29 Katar Ratio Analysis 30 Profit Margin (%) 18.28% 2018: - acquisition of East China joint ventures - sold Tazo brand, significant recipes, properties 19 17 GEE 15 13.22% 13.58% 31 13 11 12.89% concentrated on growing tea business 9 7 5 3.95% 32 3 2020: - Royalty relief granted to licensed-stores partners sales deleverage 2016 2017 2315 2019 2020 Unit: S in Millions 2016 2017 2018 2019 33 2020 Net earnings attributable to Starbucks 2,817.7 2,884.7 4,518.3 3,599.2 928.3 Reconnondations 32 34 Click to add notes Slide 32 of 40 English (Russia) Notes Comments A P W NOSABAB BOR- Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:16 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X Cut Copy Paste NEW NEW Format Slide Layout E Shane Fill Reset T -A- A- A A umbe X X AVAN Ubbe B AF Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 11 Common-size Analysis CUTIMISOA Operating Income (%) 12 25 19.57% 18.47% decreasing slightly and then plunged in 2020 20 15.71% 15.38% 75 13 111 6.64% 2020: impacted by high operating expense due to COVID-19 5 236 2017 2018 2019 2020 14 2016 2017 2018 Unit: $ in Millions 2019 2020 26.508.6 23,518 22,728.7 22.278.8 21,315.9 24,719.5 15 Revenue Total operating expenses 22,386.8 18,643.5 17,462.2 21,137.4 13 Click to add notes 16 Cash Slide 13 of 40 English (Russial Notes Comments + + 105% 3 BE A P W Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share PowerPoint File ... Home Insert Draw X cut Paste NEW Format a. Slide - Layout EE EEEE Shane Fill Reset T -A- A- A - A Uabe X X AY AL B ES F Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 15 Common-size Analysis Property, Plant and Equipment, Net (%) 16 34.25% 31.64% 33.46% 2018: sold the Tazo brand, recipe, properties and inventory to Unilever 25 . 24.54% 20 21.25% 17 2020: closed stores due to COVID-19 310 company-operated stores closed - 304 licensed-stores closed ...worldwide 15 10 5 2016 2:18 2020 18 shows a sharp decline in 2018 and 2020 19 CLV 17 Click to add notes Slide 17 of 40 English (Russia) Notes Comments + 105% 3 X A P W Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share PowerPoint File ... Home Insert Draw X cut Paste NEW Format a. Slide - Layout E Shane Fill Reset T -A- A- A - A Uabe X X AY AL B = Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 15 Common-size Analysis Inventory, Net (%) 12 16 9.62% 9.49% 10 7.96% 5 2017: sold company-operated retail store assets and operations to Maxim's Caterers Limited 5,28% 5 17 CI 5.8% 2020: intentionally reduced as an influence of COVID-19 2 0 2016 2017 2018 2019 2020 18 generally fluctuating slightly, shows clear decrease in 2018 and 2020 19 CLV 18 Click to add notes Slide 18 of 40 English (Russia) Notes Comments + 105% 3 X A P W Edit View Insert Format Arrange Tools Slide Show * EL Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share PowerPoint File ... Home Insert Draw X Cut Copy Paste New Format Guld Slide - Layout Shane Fill Reset T -A- A- A - A uwe X X AY A Uabe XAV EE EEEE ES AF Convert to SmartArt B Picture Shapes Text Arrange Shape Outline Section Quick Styles Box 16 Common-size Analysis Total Liabilities (%) 17 140 126.55% 120 132.42% 95.13% 100 2019 deferred tax liabilities, lease obligation Green Coffee Purchase commitment by 2030 50 18 58,89% 0 62.01% 40 2020: impact of sales deleverage 20 0 19 2010 2017 2016 2019 2020 shows a sharp increase between 2017 to 2019, but suddenly decreased in 2020 20 CATOARE 19 [No Title] [) Click to add notes 21 Slide 19 of 40 English (Russia) Notes Comments + 105% 3 A P W PowerPoint File Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:17 Window Help 3 PPT View Q Search in Presentation Draw Design Transitions Animations Slide Show Review + Share - Layout Home Insert X cut Copy Paste Format T E Shane Fill Reset -A- A A - obe X X AV Air B NEW NE Slide AF Convert to SmartArt Picture Shapes Text Box Arrange Section Quick Styles Shape Outline 19 Comparative Analysis 20 Carreras Revenues (%) 2016: driven by sales leverage, partially offset by investments in partners and digital platforms 15 11.24% 10.42% 13 7.24% 21 5 5.02% 2018: acquisition of its East China business from its joint venture partners 3 2016 2017 2013 2019 2020 5 22 -13 expansion of 1,300 stores in East China - 11.28% -15 2020: closure of stores worldwide 23 Unit: S in Millions 2016 2017 2018 2019 2020 Revenues 21,315.9 22,386.824,719.5 26,508.6 23,518 22 24 Click to add notes Slide 22 of 10 English (Russia) Notes Comments + 105% 3 X A P W PowerPoint File Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:19 Window Help 3 PPT View Q Search in Presentation Draw Design Transitions Animations Slide Show Review + Share A - Layout Home Insert X cut Copy Paste Format EE EEEE Shane Fill Reset T -A- A A - Uabe ale X X AV AS B NEW NE Slide Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 19 Comparative Analysis 20 Carreras Store operating expenses (%) 12.07% 10.78% 2018: acquisition of its East China business from its joint venture partners 10.78% 2 21 11 G 7.07% 2020: 1) Additional store operating costs related to the COVID Pandemic response 2) the number of stores increased by 11% year-on-year 4 2.58% 22 2 0 2016 2017 2018 2019 2020 . 23 Unit: $ in Millions 2020 2016 2017 2018 2019 Store operating expenses 6,064.3 6,493.3 9,472.2 10.493.6 10,764 23 24 Click to add notes Slide 23 of 40 English (Russia) Notes Comments + + 105% 3 BE A P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:19 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X Cut Paste New Format au Slide - Layout E Shane Fill Reset T -A- A A - Udhe X XAVAS Uabe B => AF Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 20 : Comparative Analysis 21 Depreciation and amortization expenses (%) 25 . 23.29% shows a sharp increase in 2018, but gradually decreases afterward 20 22 5 9.72% 10.45% . + ___ 3.92% 2018: 1) impact of newly opened company- operated stores in East China 2) gradient seems high because increase in 2018 is higher than increase in 2017 5 23 3.12% 2017 2016 2018 2019 2005 Unit: S in Millions 2020 24 2016 2017 2018 2019 Depreciation and amortization expenses 980.8 1,011.4 1,247 1,377.3 1,431.3 24 25 Click to add notes Slide 24 of 40 English (Russia) Notes Comments 105% 2 A P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X Cut Copy Paste NEW NEW Format Slide - Layout T EE EEEE Shane Fill - Reset -A- A A - Une X X AV Aa' B Uabe F Convert to SmartArt Picture Shapes Text Arrange Section Shape Outline Quick Styles Box 23 Comparative Analysis 24 Cash and Cash Equivalents, at Carrying Value (%) 255.61% 350 230 150 25 130 61.95% 39.13% 5C 15.67% 21h 2017 2015 pon 2003 50 26 -69.32% 27 26 28 Click to add notes Slide 26 of 40 English (Russia) Notes Comments + 105% 2 A a P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 PowerPoint File ... Home Insert Draw X Cut Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A - Layout E Shane Fill - Reset T -A- A- A - A obe X X AV Air Paste Copy Format B = = = New Slide AF Convert to SmartArt Picture Shapes Text Arrange Section Shape Outline Quick Styles Box 24 Comparative Analysis 25 Gm Goodwill (%) 130.09% 20 100 26 80 GO 40 23 9.15% 3.05% -1.43% -10.49% % D 27 2016 2018 2019 -20 28 27 29 Click to add notes Slide 27 of 40 English (Russia) Notes Comments BE L A a P W NORRBO ODA-2 Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X cut Copy Paste NEW # Format NE Slide Layout T EE EEEE Shane Fill - Reset -A- A A - obe X X AV Air B Convert to SmartArt Picture Shapes Text Arrange Section Shape Outline Quick Styles Box 25 Comparative Analysis 26 Accounts Payable, Current (%) 50.71% 60 SO 43 30 27 20 6.78% 13 7.1% 0.88% 3 2016 2017 2018 2010 -13 .-16.12% 28 -23 29 FUN. 28 Click to add notes 30 www Slide 28 of 40 English (Russia) Notes Comments BE A a P W L NOSABAB BORA Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X cut Copy Paste # New Format Slide - Layout E Shane Fill Reset T -A- A- A - A Ubbe Une X X AV Aa' B = = Convert to SmartArt Picture Shapes Text Box Arrange Section Quick Styles Shape Outline 28 Ratio Analysis Current Ratio (%) 29 240 219.81% 2018: active overseas store expansion and promotion progress for loyal customers - 200 150 104.7% 106.26% 2019: impact of 8,000 company- operated stores closing for racial bias training 30 100 125.18% 91.65% 50 2020: openings of new format of stores, Starbucks Pickup 2016 2017 2018 2019 31 Unit $ in Millions 2016 2017 2018 2019 2020 Total current assets 4.760.5 5,283.4 12,494.2 5,653,9 7,806.4 32 Total current liabilities 4,546.9 4,220.7 5,684.2 6,168.7 7,346.8 30 Click to add notes Slide 30 of 40 English (Russia) Notes Comments H + 105% 3 X A P W Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X cut Copy Paste # New Format Slide - Layout E Shane Fill Reset T -A- A- A A Ubbe ale X X AV AS B = = Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 28 Ratio Analysis Inventory Turnover (times) 29 10 . TalDD 2018: result of vigorous marketing ex) transformation of loyalty program 2 7.36% 7 6.34% 30 5.82% 6 6.59% - 2020: decline in sales due to COVID-19 - difficult to predict demands and manage inventory due to fluctuating circumstances and policies 4.99% 1116 2017 2 22 31 gradually increases between 2016 to 2018, but steadily decreases from 2019 32 31 Click to add notes Slide 31 of 40 English (Russia) Notes Comments BE X A 6 lo P W FREE LARARBRE GDR NOSARBA Edit View Insert Format Arrange Tools Slide Show ES Fri 10 Dec 12:20 Window Help 3 PPT View Q Search in Presentation Design Transitions Animations Slide Show Review + Share A PowerPoint File ... Home Insert Draw X X Cut Copy Paste NEW NEW Format Slide - Layout E Shane Fill Reset T -A- A- A A umbe X X AVAN Ubbe B = = Convert to SmartArt Picture Shapes Text Arrange Section Quick Styles Shape Outline Box 29 Katar Ratio Analysis 30 Profit Margin (%) 18.28% 2018: - acquisition of East China joint ventures - sold Tazo brand, significant recipes, properties 19 17 GEE 15 13.22% 13.58% 31 13 11 12.89% concentrated on growing tea business 9 7 5 3.95% 32 3 2020: - Royalty relief granted to licensed-stores partners sales deleverage 2016 2017 2315 2019 2020 Unit: S in Millions 2016 2017 2018 2019 33 2020 Net earnings attributable to Starbucks 2,817.7 2,884.7 4,518.3 3,599.2 928.3 Reconnondations 32 34 Click to add notes Slide 32 of 40 English (Russia) Notes Comments A P W NOSABAB BOR