Use Yahoo! Finance (Links to an external site.) or the EDGAR | Company Filings (Links to an external site.)database to download the last 10Q from Starbucks into excel. Use the downloaded data to complete the Income Statement and Balance Sheet on the appropriate tabs in the Financial Forecasting Template. Assume the following:

• Sales will increase for the next quarter by the same percentage increase from the previous quarter to the last reported quarter. For example, if sales increased 8% from the last quarter to the current reported quarter, you will use 8% as the sales increase for your pro formas.

Calculate the expenses to determine what will change and what will remain the same.

Note: Not all costs are associated with the cost of sales. It will be up to you to determine which line items need to be increased and which ones need to be left alone. This will require you to distinguish between fixed and variable costs. For a reminder of the difference between fixed and variable costs, please watch the video Business Costs (Fixed Costs and Variable Costs) Explained (Links to an external site.).

Within each line item expense explain your rationale, as well as provide a brief summary.

VARIANCE ANALYSIS EXAMPLE LINE ITEM Q4. 20NN Q1, 20NN AMOUNT PERCENT VARIANCE POTENTIAL RATIONALE FOR VARIANCE Interest Expense $ 125.90) $ 175.000 449301 Due to talsingisterest rates, the company was able to remony from interest bearing investment 189 SBN Assignment LINE ITEM Q4 20NN Q1, 20NN AMOUNT PERCENT VARIANCE POTENTIAL RATIONALE FOR VARIANCE Enter your inte NOIVOI Insert Table Chart Text Zoom Add Category Proforma Income Statement Proforma Balance Sheet Variance Analysis PROFORMA INCOME STATEMENT Proforma Income Statement Proformance Sheet Variance PROFORMA BALANCE SHEET VARIANCE ANALYSIS EXAMPLE LINE ITEM Q4. 20NN Q1, 20NN AMOUNT PERCENT VARIANCE POTENTIAL RATIONALE FOR VARIANCE Interest Expense $ 125.90) $ 175.000 449301 Due to talsingisterest rates, the company was able to remony from interest bearing investment 189 SBN Assignment LINE ITEM Q4 20NN Q1, 20NN AMOUNT PERCENT VARIANCE POTENTIAL RATIONALE FOR VARIANCE Enter your inte NOIVOI Insert Table Chart Text Zoom Add Category Proforma Income Statement Proforma Balance Sheet Variance Analysis PROFORMA INCOME STATEMENT Proforma Income Statement Proformance Sheet Variance PROFORMA BALANCE SHEET