Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In Starbucks Financial statement of 2018, calculate profit margin and inventory turnover. Net Revenues: Revenues $ 24 719,5 Cost of sales including occupancy costs 10

In Starbucks Financial statement of 2018, calculate profit margin and inventory turnover.

Net Revenues:
Revenues $ 24 719,5
Cost of sales including occupancy costs 10 174,5
Store operating expenses 7 193,2
Other operating expenses 539,3
Depreciation and amortization expenses 1 247
General and administrative expenses 1 759
Restructuring Charges 224,4
Total operating expenses 21 137,4
Income from equity investees 301,2
Operating income 3 883,3
Gain resulting from acquisition of joint venture 1 376,4
Gain (Loss) on Disposition of Business 499,2
Interest income and other, net 191,4
Interest expense (170,3)
Earnings before income taxes 5 780
Income Tax Expense (Benefit) 1 262
Net earnings including noncontrolling interests 4 518
Net earnings/(loss) attributable to noncontrolling interests (0,3)
Net earnings attributable to Starbucks $ 4 518,3
Earnings Per Share, Basic $ 3,27
Earnings Per Share, Diluted $ 3,24
Weighted average shares outstanding:
Basic 1 382,7
Diluted 1 394,6
Company-operated stores [Member]
Net Revenues:
Revenues $ 19 690,3
Licensed stores [Member]
Net Revenues:
Revenues 2 652,2
Product and Service, Other [Member]
Net Revenues:
Revenues $ 2 377
Current assets:
Cash and cash equivalents $ 8 756,3
Short-term investments 181,5
Accounts receivable, net 693,1
Inventories 1 400,5
Prepaid Expense and Other Assets, Current 1 462,8
Total current assets 12 494,2
Long-term investments 267,7
Equity and cost investments 334,7
Property, plant and equipment, net 5 929,1
Deferred income taxes, net 134,7
Other long-term assets 412,2
Other intangible assets 1 042,2
Goodwill 3 541,6
TOTAL ASSETS 24 156,4
Current liabilities:
Accounts payable 1 179,3
Accrued liabilities 2 298,4
Insurance reserves 213,7
Stored value card liability 1 642,9
Current portion of long-term debt 349,9
Total current liabilities 5 684,2
Long-term debt 9 090,2
Deferred Revenue, Noncurrent 6 775,7
Deferred Tax and Other Liabilities, Noncurrent 1 430,5
Total liabilities 22 980,6
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 1,3
Additional paid-in capital 41,1
Retained earnings 1 457,4
Accumulated other comprehensive income/(loss) (330,3)
Total shareholders' equity 1 169,5
Noncontrolling interests 6,3
Total equity 1 175,8
TOTAL LIABILITIES AND EQUITY $ 24 156,4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

=+3. What is content curation and its role within social media?

Answered: 1 week ago