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Question 2. Below is a hypothetical income statement, based on the income statement of Starbucks, Inc.' in 2019, 2018, and 2017 Item 8. Financial Statements
Question 2. Below is a hypothetical income statement, based on the income statement of Starbucks, Inc.' in 2019, 2018, and 2017 Item 8. Financial Statements and Supplementary Data STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (INCOME STATEMENT) (in millions) Sep 29, Sep 30, Oct 1, Fiscal Year Ended 2019 2018 2017 Revenue (Sales Volume) 22,386 Cost of Goods Sold (COGS) 7,065 Operating expenses 10,494 9,472 8,486 Depreciation and amortization expenses 1,377 1,247 1,011 Interest expense 331 170 92 Income tax expense 871 1,262 1,432 Answer all the questions below. Question 2a. Let's assume that the ratio (percentage) of the COGS to its Revenue (Sales Volume) of Starbucks hasn't changed in 2017, 2018, and 2019. If so, what is the COGS and Revenue in 2018 and 2019? Show your calculations below, and fill in the Summary Table. Note that the numbers above are in millions. Calculations: Summary Table 2019 2018 Revenue (Sales Volume) Cost of Goods Sold (COGS)
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