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Item 1 Financial Statements and Supplementary Data STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, $US) Sep 29, Sep 30, Oct 1, Fiscal Year
Item 1 Financial Statements and Supplementary Data STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, $US) Sep 29, Sep 30, Oct 1, Fiscal Year Ended 2023 2022 2021 Revenue Cost of Goods Sold (COGS) Store operating expenses 10,493 9,472 8,486 Depreciation and amortization expenses 1,377 1,247 1,011 Interest expense 331 170 925 Income tax expense 871 1,262 1,432 Answer all the questions below. Q2a. If we were to assume that the Cost of Goods Sold (COGS) is 55%, 60%, and 65% of the revenue (sales) volume of 2023, 2022, and 2021, respectively, what would be the revenue (sales) estimate for each year? Show your calculations. Note that the unit above is in millions, $US. 2023 revenue (sales), assuming 55% of revenue is COGS: 2022 revenue (sales), assuming 60% of revenue is COGS: 2021 revenue (sales), assuming 65% of revenue is COGS:
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