Need to find 1-2 answered based off the Starbucks Statement provided.

Ch7 Case Study Assignment - Part 1 (Income Statement Analysis) 1a: Provide the Total (Net) Revenues, Gross Profit, and Net Income (Loss) from the Income Statement for both 2020 and 2019. Compute the inerease or decrease) between these years, Income Statement Amounts 2020 2019 Increase Decrease Total Revenues SO Gross Profit so Net Income (Loss) SO 1b: Provide one Revenue account and two Expense accounts from the Income Statement for both 2020 and 2019. Compute the increase or decrease) between these years. Increased Income Statement Accounts 2020 2019 (Decrease Input revenue account here SO Input expense account here SO Input expense account here SO 1c: Compute the Gross Profit Rate and the Profit Margin for both 2020 and 2019. Compute the increase(decrease) between these years. Profitability Ratios 2020 2019 Insts (Descas Gross Profit Rate Profit Margin 0.0% 0.0% 2. Instructions for Posting (200 to 300 words - 60pts): a. Provide an explanation for the operating activities on the Income Statement: 1. Describe the "One" Operating Activity revenue account and the "Two" Operating Activity expense accounts that you listed above from the income Statement. 2. Based on your results for la, Ib, and Ic for 2020 and 2019, explain two reasons Why the company's operating performance (profitability) has improved or become worse. 3- Make sure to include the details of your computations for your ratios. Upload and attach your completed excel file to your posting b. Why would you recommend for the company to implement either "Establishment of Responsibility" OR "Segregation of Duties as an Internal Control: 1- Describe the purpose of the internal control. 2- Describe the benefits of the internal control 3- Describe what'weaknesses this internal control will help prevent 4- Why would you recommend for the company to implement this internal control? . STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS inceper shared 2 119 Sep 30 2011 19.16765 19.6903 2023 20. SED 10.7640 4303 1.013 21.544.45 2.750 2.0892 26.08.6 83269 10.493.6 371.0 1,3773 1.824.1 1958 22.7287 2980 4,0779 Escalucinded Neteve Company operated States Licensed stores Other Total revenues Product and distribution costs Store operating expenses Other operating expenses Depreciation and amortization expenses General and administrative expenses Restructuring and impairments Total operating expenses Income from equity investes Operating income Gain resulting from acquisition of joint venture Net gain resulting from divestiture of certain operations Interest income and other net Interest expense Earnings before income taxes Income tax expense Net camnings including no controlling interest Netloss attributable to noncontrolling interests Net caring attributable to Starbucks Earnings por share basic Earnings per share diluted Weighted average shares outstanding Basic Diluted 2.377,0 24,7195 7.930,7 9,4722 5549 1.247.0 1.7083 2244 21.1374 2012 3.83.3 1.3764 3325 1.5617 6233 4992 96.5 (3310 39.7 (4370) 1.1644 239.7 924.7 6) 9223 0795 716 3.5946 (46) 3.5995 2.955 2.935 191.4 (170,3) 5.780.0 1.262.0 4,518.0 10.13 4.5181 5 3.27 3:24 1.1725 1.2212 12332 1.394,6 See Notes to Consolidated Financial Statement STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS fin millions, except per share data) Sep 11 2020 Sep 2 415095 2012 8834 1.5514 7395 7.2004 206,1 476.7 6,241.4 8.134.1 1.789.9 5686 352.1 3.5972 29.37453 70.5 792 1.5994 46.2 53653 2200 390 6,4317 1,765 4796 781 2.490.5 19 2196 ASSETS Current Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current asset Total current set Long-term investments Equity investments Property, plant and equipment, net Operating kase, right-of-se asset Deferred income taxes, net Other long-term assets Other intangible assets Goodwill TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY/DEFICIT) Current liabilities: Accounts payable Accrued liabilities Accrued payroll and benefits Income taxes payable Current portion of operating lease liability Stored value card liability and current portion of deferred revenue Short-term debt Current portion of long-term debe Total current liabilities Long-term debt Operating lease liability Deferred revenue Other long-term liabilities Total liabilities Shareholders' deficit: Common stock (50.001 par value) - authorized 2,400.0 shares, issued and outstanding. 1.173.3 and 1.184.6 shares, respectively Additional paid in capital Retained defien Accumulated other comprehensive loss Total shareholders' deficit Noncontrolling interests Total deficit TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY DEFICIT) See Notes to Consolidated Financial Statements 1.189.7 1,753.7 6646 1.2917 9979 $ 1.160.7 6960 2 1.2458 1.456.5 438.8 1.349.9 7.346.8 14.659.6 7,661.7 6,5985 9073 37.175.9 6.168.7 11.1670 6,7444 1.370.5 25,450.6 1.2 373,9 (7.815.6) (3646) (7.05.1) 5.7 (7.799.4) 29,37455 12 411 (5,771.23 SOL 16.212.23 12 (6.231.03 19.2196 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS Sep 17 21 2012 Sep 200 924.75 3.59465 4.555.0 1.5032 (25.8) (2807) 227.7 14193 (14954) (2506) 216. 13059 7149 (342) 2363 (1.376,4) (499.23 2503 248.6 (622) SONO 10.5 376 1.1976 4544 245 142.6 453 755 13.4 1310 2.7) (10.99 (3173) (1.2146) (210) 31.0 (1.2314) (197.7 (1730) 9220 1.237.1 31.9 005 (39.5 1460 3916 7,1094 2NOS (1411) 5,047.0 164 11.9373 1597 Escalucted OPERATING ACTIVITIES Net carnings including noncontrolling interests Adjustments to reconcile net camins to net cash provided by operating activities Depreciation and amortization Deferred income taxes et Income earned from equity method investees Distributions received from equity method investes Gain resulting from acquisition of joint venture Net gain resulting from divestiture of certain retail operation Stock-based compensation Goodwill impairments Non-cash loane cost Los on retirement and impairment of aniet Other Cash provided by used in changes in operating nets and liabilities Accounts receivable Inventories Prepaid expenses and other current assets Income taxes payable Accounts payable Deferred revenue Operating lease liability Othat operating site and liabilities Net cash provided by operating activities INVESTING ACTIVITIES: Purchases of investments Sales of investments Maturities and calls of investments Acquisitions, net of cash acquired Additions to property, plant and equipment Net proceeds from the divestiture of certain operations Other Net cash used in investing activities FINANCING ACTIVITIES Proceeds from issuance of short-term deht Repayments of short-term debe Proceeds from issuance of longlom det Repayments of long-term del Proceeds from issone of common stock Cash dividends paid Repurchase of common stock Minimum lax withholdings on share based awards Other Net cash provided by used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase(decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS: Beginning of period End of period SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash prid during the period for Interest, set of capitalized interest Income taxes (449) 16. 73.7 (1904) 293 503 (1.461.6 (1.066) 643 (1919) 4590 453 (113) (1.9764) GO 56 (2.3613 (444) (1.711.5) (1,010.) 1.406,6 (967. 4.7276 5.584.1 298 (1.921.5) (1.67989) 91.9) 07.7 1,701 64.7 1,6643 1.996.0 (3500 409 (1,7613) (10.2223) (1116) (175 (10,056,93 (490) 16.069.7) 1539 (1,743,41 (7,1335) 162.7) 1412 (3.242.8) 39.5 6,2940 2.686.6 4 1509 8.7563 2.66.6 3.2563 396,9 1.699.1 S 29955 470.15 1371 1.1769 Subuks Corporation 2020 Form 10-K STARRUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOW 23 IND 714 OPERATING ACTIVITIES Neemings including telinger Misterele ning the calvided by peting Depreciation and action Defence The frogaty will Dunived from the Gain railing from an dem Negreifen Stockbd.com G Non-checo 1.5033 (25) 2013 2271 23 1194 250 216 33 M. 403 250 376 62.5 300 05 2016 1974 4564 36 1424 453 Oh 191.1 11730 30 1.231 3 (413) (1) 146 03175) 24. (210 30 (1.2014) 141 70 164 11: 1.57 (44 IM 73 1904) 3 (1919) 4590 453 (13113 17641 11:41 14 (211.5 11.06 683 195 1.0.0 60 Accountable Prepaid expand current Income Arayable Defined Opinie Olen Nal enai pinni INVESTINKI ACTIVITIES Purchase Sales Mature of me Ada peaperty, plant and equipment Dar Michelin FINANCING ACTIVITIES Pincoderm Chrome Repayments of shoes.com Precedemem Repumboflonom Proceeds from an economic Cash dividendspuld Repeche Minimax withine hate-baked and Net cash pridedly in financing activities Effects can can Not incredere in chivalente CASH AND CASH OLIVALENTS keyining of price En SUPPLEMENTAL DESCLOSURE OF CASHFLOW INFORMATION Child Instit Image 1 1967 295 41.9215 . 500 4093 1.713) 10333 (1 1175 10.056.9 1,10341 (7.1333) 162.2 141 0.32 07 . 1.13 16.09.) 3,256 2012 2563 419 JS 1.09.15 2015 47015 137.1 LI Starbucks Corporation 2020 Form 10-K 2 STARBUCKS CORPRATION CONSOLIDATED RALANCE SHEETS Ta, FR Sep C 35 2013 14 Cash Show Acom Hual Title 1391 2011 2,1341 1. 4796 7. 5533 1673 122100 Defruit are Oh TOTAL ASSETS LIABILITIES AND SHAREHOLDERS BOUITVADERICI Accouple Accue Accord will and besc Income Lates Cuent per al primer day Septed Shom. Com. Tala utilities 5 11 WS 1.000 6. 13 1.3483 ASS 433 249 be 1459 TAL 1,3703 2550 37.173 Delmed Chorlog termine SWISE Yales SA 2008 Additional in pol haman Til har holder den Noncomtreding in Total Gutiert TOTAL LLANILITIES AND SHARIBHOLDERS EQUITY DEFIT Scene Cada Sem 12 373 II.) . (701) 57 13 41.3 5.13 11122 2015 192196 3 Stubels Corporation 2020 Form 10-K STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASHFLOWS fi key 33 hop STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (ii time) 300 10,165 193 2,043 2 2370 347185 10,7640 4303 14313 12 37 22:27 21.54245 2.750 2002 ASOS 536 1936 3710 1.3713 L41 115 22.72 24122 554 130 LE 1944 21314 301 Dallas de Nervenom Compaty-perated Lic Other Totaltres Product and stribution code Sporting exp Other operating experien Depreciation and meetination expenie General and administrative expenses Restructuring and impress Total operating Income from times Operating income Gain calling from a font une Ne pain ruling from divestitorim operations Interlincome and other Interest expense Tuning before income taxe Income tax expert Net coming ting controlling Net loss atn butable to concentrolling interest Net carming tributable to track Earnings per share Fire-diluted Weighted average sure standing Baske Dilutel 4,079 1964 1914 3.7 (417 (331) 44 ST 3. 2007 04 016) 93 5 ONS 0.75 3.5925 25 2. RO 33 SI 3. 134 LI 1.2212 See Notes to Coated Financial Statemen Ch7 Case Study Assignment - Part 1 (Income Statement Analysis) 1a: Provide the Total (Net) Revenues, Gross Profit, and Net Income (Loss) from the Income Statement for both 2020 and 2019. Compute the inerease or decrease) between these years, Income Statement Amounts 2020 2019 Increase Decrease Total Revenues SO Gross Profit so Net Income (Loss) SO 1b: Provide one Revenue account and two Expense accounts from the Income Statement for both 2020 and 2019. Compute the increase or decrease) between these years. Increased Income Statement Accounts 2020 2019 (Decrease Input revenue account here SO Input expense account here SO Input expense account here SO 1c: Compute the Gross Profit Rate and the Profit Margin for both 2020 and 2019. Compute the increase(decrease) between these years. Profitability Ratios 2020 2019 Insts (Descas Gross Profit Rate Profit Margin 0.0% 0.0% 2. Instructions for Posting (200 to 300 words - 60pts): a. Provide an explanation for the operating activities on the Income Statement: 1. Describe the "One" Operating Activity revenue account and the "Two" Operating Activity expense accounts that you listed above from the income Statement. 2. Based on your results for la, Ib, and Ic for 2020 and 2019, explain two reasons Why the company's operating performance (profitability) has improved or become worse. 3- Make sure to include the details of your computations for your ratios. Upload and attach your completed excel file to your posting b. Why would you recommend for the company to implement either "Establishment of Responsibility" OR "Segregation of Duties as an Internal Control: 1- Describe the purpose of the internal control. 2- Describe the benefits of the internal control 3- Describe what'weaknesses this internal control will help prevent 4- Why would you recommend for the company to implement this internal control? . STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS inceper shared 2 119 Sep 30 2011 19.16765 19.6903 2023 20. SED 10.7640 4303 1.013 21.544.45 2.750 2.0892 26.08.6 83269 10.493.6 371.0 1,3773 1.824.1 1958 22.7287 2980 4,0779 Escalucinded Neteve Company operated States Licensed stores Other Total revenues Product and distribution costs Store operating expenses Other operating expenses Depreciation and amortization expenses General and administrative expenses Restructuring and impairments Total operating expenses Income from equity investes Operating income Gain resulting from acquisition of joint venture Net gain resulting from divestiture of certain operations Interest income and other net Interest expense Earnings before income taxes Income tax expense Net camnings including no controlling interest Netloss attributable to noncontrolling interests Net caring attributable to Starbucks Earnings por share basic Earnings per share diluted Weighted average shares outstanding Basic Diluted 2.377,0 24,7195 7.930,7 9,4722 5549 1.247.0 1.7083 2244 21.1374 2012 3.83.3 1.3764 3325 1.5617 6233 4992 96.5 (3310 39.7 (4370) 1.1644 239.7 924.7 6) 9223 0795 716 3.5946 (46) 3.5995 2.955 2.935 191.4 (170,3) 5.780.0 1.262.0 4,518.0 10.13 4.5181 5 3.27 3:24 1.1725 1.2212 12332 1.394,6 See Notes to Consolidated Financial Statement STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS fin millions, except per share data) Sep 11 2020 Sep 2 415095 2012 8834 1.5514 7395 7.2004 206,1 476.7 6,241.4 8.134.1 1.789.9 5686 352.1 3.5972 29.37453 70.5 792 1.5994 46.2 53653 2200 390 6,4317 1,765 4796 781 2.490.5 19 2196 ASSETS Current Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current asset Total current set Long-term investments Equity investments Property, plant and equipment, net Operating kase, right-of-se asset Deferred income taxes, net Other long-term assets Other intangible assets Goodwill TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY/DEFICIT) Current liabilities: Accounts payable Accrued liabilities Accrued payroll and benefits Income taxes payable Current portion of operating lease liability Stored value card liability and current portion of deferred revenue Short-term debt Current portion of long-term debe Total current liabilities Long-term debt Operating lease liability Deferred revenue Other long-term liabilities Total liabilities Shareholders' deficit: Common stock (50.001 par value) - authorized 2,400.0 shares, issued and outstanding. 1.173.3 and 1.184.6 shares, respectively Additional paid in capital Retained defien Accumulated other comprehensive loss Total shareholders' deficit Noncontrolling interests Total deficit TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY DEFICIT) See Notes to Consolidated Financial Statements 1.189.7 1,753.7 6646 1.2917 9979 $ 1.160.7 6960 2 1.2458 1.456.5 438.8 1.349.9 7.346.8 14.659.6 7,661.7 6,5985 9073 37.175.9 6.168.7 11.1670 6,7444 1.370.5 25,450.6 1.2 373,9 (7.815.6) (3646) (7.05.1) 5.7 (7.799.4) 29,37455 12 411 (5,771.23 SOL 16.212.23 12 (6.231.03 19.2196 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS Sep 17 21 2012 Sep 200 924.75 3.59465 4.555.0 1.5032 (25.8) (2807) 227.7 14193 (14954) (2506) 216. 13059 7149 (342) 2363 (1.376,4) (499.23 2503 248.6 (622) SONO 10.5 376 1.1976 4544 245 142.6 453 755 13.4 1310 2.7) (10.99 (3173) (1.2146) (210) 31.0 (1.2314) (197.7 (1730) 9220 1.237.1 31.9 005 (39.5 1460 3916 7,1094 2NOS (1411) 5,047.0 164 11.9373 1597 Escalucted OPERATING ACTIVITIES Net carnings including noncontrolling interests Adjustments to reconcile net camins to net cash provided by operating activities Depreciation and amortization Deferred income taxes et Income earned from equity method investees Distributions received from equity method investes Gain resulting from acquisition of joint venture Net gain resulting from divestiture of certain retail operation Stock-based compensation Goodwill impairments Non-cash loane cost Los on retirement and impairment of aniet Other Cash provided by used in changes in operating nets and liabilities Accounts receivable Inventories Prepaid expenses and other current assets Income taxes payable Accounts payable Deferred revenue Operating lease liability Othat operating site and liabilities Net cash provided by operating activities INVESTING ACTIVITIES: Purchases of investments Sales of investments Maturities and calls of investments Acquisitions, net of cash acquired Additions to property, plant and equipment Net proceeds from the divestiture of certain operations Other Net cash used in investing activities FINANCING ACTIVITIES Proceeds from issuance of short-term deht Repayments of short-term debe Proceeds from issuance of longlom det Repayments of long-term del Proceeds from issone of common stock Cash dividends paid Repurchase of common stock Minimum lax withholdings on share based awards Other Net cash provided by used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase(decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS: Beginning of period End of period SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash prid during the period for Interest, set of capitalized interest Income taxes (449) 16. 73.7 (1904) 293 503 (1.461.6 (1.066) 643 (1919) 4590 453 (113) (1.9764) GO 56 (2.3613 (444) (1.711.5) (1,010.) 1.406,6 (967. 4.7276 5.584.1 298 (1.921.5) (1.67989) 91.9) 07.7 1,701 64.7 1,6643 1.996.0 (3500 409 (1,7613) (10.2223) (1116) (175 (10,056,93 (490) 16.069.7) 1539 (1,743,41 (7,1335) 162.7) 1412 (3.242.8) 39.5 6,2940 2.686.6 4 1509 8.7563 2.66.6 3.2563 396,9 1.699.1 S 29955 470.15 1371 1.1769 Subuks Corporation 2020 Form 10-K STARRUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOW 23 IND 714 OPERATING ACTIVITIES Neemings including telinger Misterele ning the calvided by peting Depreciation and action Defence The frogaty will Dunived from the Gain railing from an dem Negreifen Stockbd.com G Non-checo 1.5033 (25) 2013 2271 23 1194 250 216 33 M. 403 250 376 62.5 300 05 2016 1974 4564 36 1424 453 Oh 191.1 11730 30 1.231 3 (413) (1) 146 03175) 24. (210 30 (1.2014) 141 70 164 11: 1.57 (44 IM 73 1904) 3 (1919) 4590 453 (13113 17641 11:41 14 (211.5 11.06 683 195 1.0.0 60 Accountable Prepaid expand current Income Arayable Defined Opinie Olen Nal enai pinni INVESTINKI ACTIVITIES Purchase Sales Mature of me Ada peaperty, plant and equipment Dar Michelin FINANCING ACTIVITIES Pincoderm Chrome Repayments of shoes.com Precedemem Repumboflonom Proceeds from an economic Cash dividendspuld Repeche Minimax withine hate-baked and Net cash pridedly in financing activities Effects can can Not incredere in chivalente CASH AND CASH OLIVALENTS keyining of price En SUPPLEMENTAL DESCLOSURE OF CASHFLOW INFORMATION Child Instit Image 1 1967 295 41.9215 . 500 4093 1.713) 10333 (1 1175 10.056.9 1,10341 (7.1333) 162.2 141 0.32 07 . 1.13 16.09.) 3,256 2012 2563 419 JS 1.09.15 2015 47015 137.1 LI Starbucks Corporation 2020 Form 10-K 2 STARBUCKS CORPRATION CONSOLIDATED RALANCE SHEETS Ta, FR Sep C 35 2013 14 Cash Show Acom Hual Title 1391 2011 2,1341 1. 4796 7. 5533 1673 122100 Defruit are Oh TOTAL ASSETS LIABILITIES AND SHAREHOLDERS BOUITVADERICI Accouple Accue Accord will and besc Income Lates Cuent per al primer day Septed Shom. Com. Tala utilities 5 11 WS 1.000 6. 13 1.3483 ASS 433 249 be 1459 TAL 1,3703 2550 37.173 Delmed Chorlog termine SWISE Yales SA 2008 Additional in pol haman Til har holder den Noncomtreding in Total Gutiert TOTAL LLANILITIES AND SHARIBHOLDERS EQUITY DEFIT Scene Cada Sem 12 373 II.) . (701) 57 13 41.3 5.13 11122 2015 192196 3 Stubels Corporation 2020 Form 10-K STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASHFLOWS fi key 33 hop STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (ii time) 300 10,165 193 2,043 2 2370 347185 10,7640 4303 14313 12 37 22:27 21.54245 2.750 2002 ASOS 536 1936 3710 1.3713 L41 115 22.72 24122 554 130 LE 1944 21314 301 Dallas de Nervenom Compaty-perated Lic Other Totaltres Product and stribution code Sporting exp Other operating experien Depreciation and meetination expenie General and administrative expenses Restructuring and impress Total operating Income from times Operating income Gain calling from a font une Ne pain ruling from divestitorim operations Interlincome and other Interest expense Tuning before income taxe Income tax expert Net coming ting controlling Net loss atn butable to concentrolling interest Net carming tributable to track Earnings per share Fire-diluted Weighted average sure standing Baske Dilutel 4,079 1964 1914 3.7 (417 (331) 44 ST 3. 2007 04 016) 93 5 ONS 0.75 3.5925 25 2. RO 33 SI 3. 134 LI 1.2212 See Notes to Coated Financial Statemen