Integrative 5.1

Exhibit 5.27 presents risk ratios for Starbucks for 2010 & 2011. Exhibits 1.26, 1.27, and 1.28 present the financial statements for Starbucks,

A. Compute the values of each of the ratios in Exhibit 5.27 for starbucks 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 specialty revenues in you calculations, because accounts receivable are primarily related to licensing and food service operations, not the retail operations.

B. Interpret the changes in Starbucks risk ratios during the three-year period, indicating areas of concern.

Exhibit 527 Risk Ratios integrative Case 5 Quick Ratio Net Days of working Capital Financing Needed Long-term Debt to Shareholders' Equity Ratio Probability of Bankruptcy 2012 1,01 0,15