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Starbucks 2019 Annual Fiscal Report can be accessed by searching it on Google and clicking on the first link then clicking on FY19 Annual Report.

Starbucks 2019 Annual Fiscal Report can be accessed by searching it on Google and clicking on the first link then clicking on "FY19 Annual Report". I cannot include the link to the report because Chegg does not allow third party links to be put into questions but the link is very easy to find if you follow the instructions. I cannot attach a screenshot because the report is very long so it would require many screenshots in which Chegg wouldn't be able to handle.

Question 1

Starbucks cost of inventories sold during the most recent reporting period was in millions:

a.

$10,056.3

b.

$8,526.9

c.

$8,655.8

d.

$1,529.4

Question 2

The net amount Starbucks received from inventories sold in its company-operated stores during the most recent reporting period in millions was:

$10,056.3

$8,526.9

$26,508.6

$21,544.4

Question 3

What percent of Starbucks total net revenues became gross profit in the most recent reporting period?

32.2%

67.8%

37.9%

62.1%

Question 4

Starbucks inventories _________ between the last two balance sheet dates.

increased

decreased

stayed the same

cannot be determined

Question 5

Starbucks total investment in inventories at the most recent reporting period was in millions:

$10,056.3

$8,655.8

$8,526.9

$1,529.4

Question 6

Starbucks cost of goods purchased for the most recent reporting period was in millions:

$8,526.9

$ 8,655.8

$10,056.3

$1,529.4

Question 7

Starbucks inventories are stated at lower of cost:

or market

or net realizable value

and FIFO

and LIFO

Question 8

Starbucks primarily uses which cost flow assumption to value inventories?

Average cost

moving average cost

FIFO

LIFO

Question 9

Assuming increasing prices, Starbucks cost flow assumption results in _________ net income than if Starbucks used FIFO.

same amount

more

less

cannot be determined

Question 10

Assuming increasing inventory prices, Starbucks cost flow assumption results in ________ total assets than if Starbucks used LIFO.

less

more

the same amount

cannot be determined

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