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Starbucks Corporation, a global coffee company, provided the following information: Sales: $600,000,000 Cost of Goods Sold: $300,000,000 Operating Expenses: $200,000,000 Interest Expense: $15,000,000 Tax Rate:
Starbucks Corporation, a global coffee company, provided the following information:
- Sales: $600,000,000
- Cost of Goods Sold: $300,000,000
- Operating Expenses: $200,000,000
- Interest Expense: $15,000,000
- Tax Rate: 25%
- Fixed Assets: $250,000,000
- Current Assets: $200,000,000
- Current Liabilities: $150,000,000
- Long-Term Liabilities: $200,000,000
- Shareholders' Equity: $100,000,000
Requirements:
- Prepare an Income Statement for Starbucks.
- Calculate the Operating Margin and Net Profit Margin.
- Determine the Return on Assets (ROA) and Return on Equity (ROE).
- Calculate the Current Ratio and Quick Ratio (assuming Inventory is $30,000,000).
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