Starbucks is a coffee company-a big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1,000. The following is adapted from Starbucks's annual report for the year ended October 2, 2019, and dollars are reported 1 in millions. Accounts Payable Accounts Receivable Cash Common Stock $4,150 0 2,130 630 ooints Equipnent Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-tern) 4,530 5,040 1,380 3,200 400 eBook Prepaid Rent Retained Earnings 350 5,950 Short-Tern Investments 130 Print Assume that the following events occurred in the following quarter, which ended December 31, 2019. Dollars are in millions. a Paid $1,000 cash for additional intangible assets. b. Issued additional shares of common stock for $10,000 in cash. c Purchased equipment; paid $4,000 in cash and signed additional long-term loans for $9,500. d. Paid $800 cash for accounts payable owed at October 2 e. Conducted negotiations to purchase a coffee farm, which is expected to cost $8,400. Reterences General Ledger General Journal Trial Balance Balance Sheet Current Ratio Analysis Requirement Prepare the journal entries for transactions (a)-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list View journal entry worksheet Debit General Journal Date Credit No 770 Dec 31 Cash 1 STARBUCKS 1 Balance Sheet At December 31, 2019 $ points 0 0 0 eBook 0 Print References 0 0 C Ces General Journal General Requirement Trial Balance Balance Sheet Analysis Current Ratio Ledger As of December 31, 2019, has the financing for the investment in assets made by Starbucks primarily come from liabilities or stockholders' equity? Liabilities Stockholders' Equity Current Ratio> Balance Sheet General General Analysis Current Ratio Trial Balance Balance Sheet Requirement Ledger Journal Calculate Starbucks's current ratio at October 2, 2019, prior to the transactions listed above. (Round your answer to 2 decimal places.) Current Ratio Based on the above calculation and analysis of Apple's current ratio 1.35, indicate which company is in a better position to pay liabilities. OStarbucks OApple Inc. Calculate Starbucks's current ratio after the transactions listed in (a)He). (Round your answer to 2 decimal places.) nces Current ratio after the transactions (a)-(e) Based on the current ratios calculated above, indicate whether the transactions increase or decrease the company's ability to pay current liabilities. OIncreased Decreased current Ratio Analysis