Ratios
Liquidity Ratios	Starbucks
Short-Term Debt Paying Ratios	2021	2020	2019
Working Capital = Current Assets - Current Liabilities	1,605	460	-515
Current Ratio Current = Current Assets / Current Liabilities	1.196898692	1.062557848	0.916595069
Acid Test Ratio = (Cash assets - inventory) / Current Liabilities	1.000134946	0.851391082	0.668730851
Cash Ratio = Cash + cash Equivalents / Total current liabilities	0.791974385	0.59221702	0.435586104
Long-Term Solvency or Financial Leverage
Times Interested Earned = EBIT / Interest Expense	9.550446999	2.835469108	11.41963746
Fixed Charge Coverage
Debt Ratio = Total Liabilities / Total Assets	1.169280315	1.265512131	1.324150382
Debt: Equity Ratio = Total Liabilties / Total Equity	-6.906971493	-4.76625125	-4.084660076
Asset Utilization or Turnover Ratios
Inventory turnover = COGS/Avg Inventory
Days Sales in Inventory = Inventory / COGS X 365	27.64955752	28	31
Receivables Turnover = Net Credit Sales / Avg Accounts Recivables
Days Sales in Receivables = Accounts Recivable / Revenue X 365
Operating Cycle = (365 / Inventory turnover) + (COGS / Avg Inventory)

1. What accounts changed for the period and how did this affect the financial analysis calculation?
2. Why did the account change during the period? Explain what business decisions may have caused the change.
3. How does this change influence the companys performance?