Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In Starbucks Financial Statement of 2016, calculate profit margin and inventory turnover. Net Revenues: Total net revenues $ 21 315,9 Cost of sales including occupancy
In Starbucks Financial Statement of 2016, calculate profit margin and inventory turnover.
Net Revenues: | |
Total net revenues | $ 21 315,9 |
Cost of sales including occupancy costs | 8 511,1 |
Store operating expenses | 6 064,3 |
Other operating expenses | 545,4 |
Depreciation and amortization expenses | 980,8 |
General and administrative expenses | 1 360,6 |
Litigation credit | 0 |
Total operating expenses | 17 462,2 |
Income from equity investees | 318,2 |
Operating income | 4 171,9 |
Gain resulting from acquisition of joint venture | 0 |
Loss on extinguishment of debt | 0 |
Interest income and other, net | 108 |
Interest expense | (81,3) |
Earnings before income taxes | 4 198,6 |
Income tax expense | 1 379,7 |
Net earnings including noncontrolling interests | 2 818,9 |
Net earnings/(loss) attributable to noncontrolling interests | 1,2 |
Net earnings attributable to Starbucks | $ 2 817,7 |
Earnings per share - basic | $ 1,91 |
Earnings per share - diluted | $ 1,90 |
Weighted average shares outstanding: | |
Basic | 1 471,6 |
Diluted | 1 486,7 |
Company-operated stores [Member] | |
Net Revenues: | |
Total net revenues | $ 16 844,1 |
Licensed stores [Member] | |
Net Revenues: | |
Total net revenues | 2 154,2 |
CPG, foodservice and other [Member] | |
Net Revenues: | |
Total net revenues | $ 2 317,6 |
Current assets: | |
Cash and cash equivalents | $ 2 128,8 |
Short-term investments | 134,4 |
Accounts receivable, net | 768,8 |
Inventories | 1 378,5 |
Prepaid expenses and other current assets | 350 |
Total current assets | 4 760,5 |
Long-term investments | 1 141,7 |
Equity and cost investments | 354,5 |
Property, plant and equipment, net | 4 533,8 |
Deferred income taxes, net | 885,4 |
Other long-term assets | 417,7 |
Other intangible assets | 516,3 |
Goodwill | 1 719,6 |
TOTAL ASSETS | 14 329,5 |
Current liabilities: | |
Accounts payable | 730,6 |
Accrued liabilities | 1 999,1 |
Insurance reserves | 246 |
Stored value card liability | 1 171,2 |
Current portion of long-term debt | 400 |
Total current liabilities | 4 546,9 |
Long-term debt | 3 202,2 |
Other long-term liabilities | 689,7 |
Total liabilities | 8 438,8 |
Shareholders' equity: | |
Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,460.5 and 1,485.1 shares, respectively | 1,5 |
Additional paid-in capital | 41,1 |
Retained earnings | 5 949,8 |
Accumulated other comprehensive income/(loss) | (108,4) |
Total shareholders' equity | 5 884 |
Noncontrolling interests | 6,7 |
Total equity | 5 890,7 |
TOTAL LIABILITIES AND EQUITY | $ 14 329,5 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started