What other information is needed?

Uses the Starbucks Corporation 2013 Annual Report. In Financial Statement Case 8-1 (p. 478), you will examine Starbucks audit report, Note 1 dealing with Cash and Cash Equivalents, and compare Starbucks cash ratio to Green Mountain Coffee Roasters'. Green Mountain Coffee Roasters Financial Statements are located in Appendix A in the back of your text. Financial Statement Case 1-1 is worth 25 points. Use the attached Financial Statement Case worksheet to complete your work.

1. What is the name of Starbucks's outside auditing firm (independent registered public accounting firm)? What office of this firm signed the audit report? How long after the Starbucks year-end did the auditors issue their opinion?

2. Who bears primary responsibility for maintaining effective internal control over financial reporting? How can you tell?

3. Does it appear that Starbucks internal controls are adequate? How can you tell?

4. What standard of auditing did the outside auditors use in examining the Starbucks financial statement?

5. By how much did Starbucks's cash balance (including cash equivalents) change during year ended Sept 29,2013? What were the beginning and ending cash balance?

6. Review the notes to the consolidated financial statement, specifically Note 1 dealing with Cash and Cash equivalents. What type of instruments does Starbucks consider to be cash equivalents?

7. Determine Starbucks's cash ratio as of Sept 29,2013, and Sept 30, 2012. How do Starbucks's cash ratios compare with Green Mountains Coffee Roasters as illistrated in the chapter? Explain?