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The following table gives abbreviated balance sheets and income statements for Starbucks (figures in $ millions). Balance SheetEnd of YearStart of YearAssetsCurrent assets:Cash and marketable

The following table gives abbreviated balance sheets and income statements for Starbucks (figures in $ millions).

Balance SheetEnd of YearStart of YearAssetsCurrent assets:Cash and marketable securities1,8443,234Accounts receivable948839Inventories1,0911,111Other current assets285288Total current assets4,1695,471Fixed assets:Net fixed assets3,5193,201Other long-term assets3,0642,845Total assets10,75211,517Liabilities and Shareholders' EquityCurrent liabilities:Accounts payable2,2441,940Other current liabilities7953,438Total current liabilities3,0395,378Long-term debt2,0481,299Other long-term liabilities394360Total liabilities5,4817,037Total shareholders' equity5,2724,480Total liabilities and shareholders' equity10,75211,517Income StatementNet sales16,448Cost of goods sold6,859Selling, general, and administrative expenses5,655Depreciation710Earnings before interest and taxes (EBIT)3,224Interest expense64Taxable income3,160Tax1,092Net income2,068Dividends783Addition to retained earnings1,285

Assume a tax rate of 35%. Calculate the following using balance-sheet figures from the start of the year:

a. Calculate the return on assets. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Return on assets %

b. Calculate the operating profit margin. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Operating profit margin %

c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places.)

Sales-to-assets ratio

d. Calculate the inventory turnover. (Round your answer to 2 decimal places.)

Inventory turnover

e. Calculate the debt-equity ratio. (Round your answer to 2 decimal places.)

Debt-equity ratio

f. Calculate the current ratio. (Round your answer to 3 decimal places.)

Current ratio

g. Calculate the quick ratio. (Round your answer to 4 decimal places.)

Quick ratio

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