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Starbucks Corporation, a global coffeehouse chain, presents the following financial data for the fiscal year ending September 30, 20XX: Total revenue: $30 billion Cost of
- Starbucks Corporation, a global coffeehouse chain, presents the following financial data for the fiscal year ending September 30, 20XX:
- Total revenue: $30 billion
- Cost of goods sold: $10 billion
- Operating expenses: $15 billion
- Earnings before interest and taxes (EBIT): $5 billion
- Interest expense: $500 million
- Income tax expense: $1.5 billion
Determine the following financial ratios for Starbucks Corporation:
a) Operating profit margin b) Return on equity (ROE) c) Times interest earned ratio d) Tax rate ratio
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