The Financial Statement Case at the end of each chapter uses the Starbucks Corporation 2013 Annual Report which is located under the Course Syllabus tab.

In Financial Statement Case 4-1 (p. 242), you examine the Balance Sheet of Starbucks Corporation. In addition, you will compute and analyze Starbucks' current ratio.

1. Which balance sheet format does Starbuck use?

2. Name the company's largest current asset and largest current liability at September 29, 2013

3. Compute Starbuck's current ratios at Sept 29,2013 and Sept 30, 2012. Did the current ratio improve, worsen, or hold steady?

4. Under what category does Starbucks report furnitue, fixtures, and equipment?

5. What was the cost of the company's ficed assets at Sept 29,2013? What was the amount of accumulated depreciation? What was the book vaule of the fixed asset? See note 7 for the data.