This and similar cases in later chapters focus on the financial statements of a real company-Starbucks Corporation,

Question:

This and similar cases in later chapters focus on the of a real company-Starbucks a premier roaster and retailer of specialty coffee. As you work each case, you will gain confidence in your ability to use the of real companies.
Required
1. How much in cash (including cash equivalents) did Starbucks have on October 2, 2011?
2. What were the company's total assets at October 2, 2011? At October 3, 2010?
3. Write the company's accounting equation at October 2, 2011, by filling in the dollar amounts:
Assets = Liabilities + Equity
4. Identify total net sales (revenues) for the year ended October 2, 2011. How much did total revenue increase or decrease from 2010 to 2011?
5. How much net income (net earnings) or net loss did Starbucks earn for 2011 and for 2010? Based on net income, was 2011 better or worse than 2010?
6. Calculate Starbucks Corporation's return on assets as of October 2, 2011.
7. How did Starbucks Corporation's return on assets compare to Green Mountain Coffee Roasters, Inc.'s return on assets?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
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