Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using your company's Consolidated Income Statement, determine the ratio of net income to net revenue or sales. Do this for the three most recent years.
Using your company's Consolidated Income Statement, determine the ratio of net income to net revenue or sales. Do this for the three most recent years. Do you think the company is becoming more or less efficient? Explain.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME in millions) Sep 29, 2019 Sep 30. 2018 Oct 1, 2017 2,884.9 $ 3,594.6 $ 4,518.0 $ (9.5) Fiscal Year Ended Net earnings including noncontrolling interests Other comprehensive income (loss), net of tax: Unrealized holding gains/losses) on available-for-sale securities Tax (expense) benefit Unrealized gains/(losses) on cash flow hedging instruments Tax (expense)/benefit Unrealized gains/(losses) on net investment hedging instruments Tax (expense) benefit Translation adjustment and other Tax (expense) benefit Reclassification adjustment for net (gains)losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment Tax expense/(benefit) Other comprehensive income/loss) Comprehensive income including noncontrolling interests Comprehensive income (loss) attributable to noncontrolling interests Comprehensive income attributable to Starbucks 10.5 (2.3) (14.1) 3.4 (39.8) 10.1 (146.2) 2.5 (7.0) 1.9 24.4 (6.5) 7.8 (2.2) (220.0) 3.4 2.9 53.2 (12.6) 20.1 (7.4) (38.3) (2.4) 46.2) 1.3 24.7 1.6 (67.2) 14.0 (47.2) 2,837.7 (1.2) (174.7) 4,343.3 (173.0) 3,421.6 (4.6) (0.3) 4,343.6 0.2 2,837.5 $ 3,426.2 $ $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started