Question

Answer the following questions pertaining to Starbucks's balance sheet as of October 1, 2017, and related information.

COL ECUENOMX Fot o MOS, EXCengige CengageNow appendera 11.patx eBook Calculator Analyzing Starbucks's Balance Sheet Disclosures Review the financial statements and related notes of Starbuck in Appendix A. Required: Answer the following questions pertaining to Starbucks's balance sheet as of October 1, 2017, and related information. (Note: You do not need to make any calculations. All answers may be found in the financial report.) If required, round your answers to one decimal place. 1. What was the amount of the current assets and current liabilities? Current assets $ 5,283.4 million Current liabilities $ 4,220.7 million 2. What was the single largest current asset and current ability Single largest current asset Cash and cash equivalents 2,462.3 million Single largest current liabilities Accrued liabilities 1,934.5 million 3. What was the amount in the allowance for doubtful accounts? 4. What is the par value of the company's common stock? How many shares were issued and outstanding Common stock $ 0.001 (Round your answer to three decimal places.) Shares issued and outstandino 1,431.6 million 5. What was the total amount of inventory? $ 1,364.0 million What were the principal categories of inventory? All of the choices are correct. 6. What costing method was used for inventories? Average cost or first-in, first-out 7. What was the total property, plant, and equipment before and after accumulated depreciation? Before accumulated depreciation: $ 4,919.5 milion After accumulated depreciation: $ 3,852.4 million Check My Work 2 more Check My Work uses remaining, Previous Next > All work saved Email Instructor Save and Exit Submit Assignment for Grading

Answer 1

Following are the answers of above stated questions. Please find reference number of Page numbers of Annual Report of Starbucks for Fiscal 2017 at end of Each answer.

1. What was the amount of Current Assets and Current Liabilities? (Page 48)

Current Assets: $5,283.4 million

Current Liabilities: $4,220.7 million

2. What was the single largest Current Asset and Current Liability? (Page 48)

Single largest current asset: Cash and cash equivalents $2,462.3 million

Single largest current liability: Accrued liabilities $1,934.5 million

3. What was the amount in allowance of Doubtful accounts? $9.8 million (Page 55)

4. What is the par value of company's common stock? How many shares were issued and outstanding ? (Page 48)

Common Stock $ 0.001

Share issued and outstanding 1,431.6 million

5. What was the total amount of Inventory? (Page 48) $1,364.0 million

What were the principal categories of inventory? (Page 69) Coffee - Unroasted, Coffee - Roasted, Other merchandise held for sale, Packaging and other supplies.

6. What costing method was used for Inventories? (Page 55) Specific identification method

7. What was the Total Property. Plant and Equipment before and after accumulated depreciation? (Page 70)

Before Accumulated Depreciation: $11,584.0 million

After Accumulated Depreciation: $4,919.5 million

8. What was the Accumulated Depreciation? (Page 70) $6,664.5 million

What method does the company use to Depreciate it's Property, Plant and Equipment? (Page 55) Straight-line Method

9. What was the long term debt? (Page 48) $3,932.6 million

When is the debt due? (Page 74) The long term notes are due as follows $350 million in 2018, $750 million in 2021, $500 million in 2022, $750 million in 2023, $755.3 million in 2024, $500 million in 2026, $350 million in 2045.

10. What was the retained earning balance ? (Page 48) $5,563.2 million

What caused retained earnings to change in 2017? (Page 50) Net income of 2017, Repurchase of Common Stock and Cash Dividend Payments

11. What was the accumulated other comprehensive income/(loss) balance? (Page 47) $ (47.2) million

12. What was the non-controlling interest balance? (Page 48) $6.9 million