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I need help on questions 2 and 3 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Oct 1, Sep 29, Sep
I need help on questions 2 and 3
STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Oct 1, Sep 29, Sep 30, Fiscal Year Ended 2019 2018 2017 26,508.6 24,719.5 22,386.8 Revenue Cost of Goods Sold (COGS) 8,526.9 10,493.6 7,065.8 7,930.7 Store operating expenses 9,472.2 8,486.4 Depreciation and amortization 1,377.3 1,247.0 1,011.4 expenses Interest expense 331.0 170.3 92.5 Income tax expense 871.6 1,262.0 1,432.6 Answer all the questions below. Question 1. Based on the income statement above, what is the gross profit, gross profit margin, net profit, net profit margin in 2019, 2018, and 2017? Show your calculations below, and then fill in the summary table below. Calculations: Goss profit = (revenue COGS) (26,508.6 -8,526) = Summary Table 2019 2018 2017 Gross profit Gross profit margin Net profit |Net profit margin 17981.7 16788.8 15321 67.83% 68.92% 68.44% 4298.1% 4908.2 4637.3 18.52% 18.76% 19.20% Question 2: Based on your answers to Question 1, how is Starbucks doing in terms of their sales in 2019 and in terms of their operations in 2019? Make sure that your explanation includes what you have found in the Summary Table, and also make a comparison across the three years. (2-3 paragraphs) Question 3: Based on your answers to Question 3, what should Starbucks be doing in the next 5 years? What would be a good strategy to achieve what they should be doing for the next 5 years? (2-3 paragraphs)Step by Step Solution
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