Homework Answers
1-a.
Current assets = Accounts Receivable + Cash + Inventory + Prepaid rent + Short term investment
= $585 + $2,810 + $1,360 + $595 + $710
= $6,060
Current liabilities = Accounts payable + Notes payable (short term)
= $4,760 + $1,520
= $6,280
Current ratio = Current assets / Current liabilities
= $6,060 / $6,280
= 0.96
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Required information The following information applies to the questions displayed below.) Starbucks is a coffee company-a big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1,000. The following is adapted from Starbucks's annual report for the year ended October 2, 2016, and dollars are reported in millions. Accounts Payable Accounts Receivable Cash Common Stock Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short- term) Prepaid Rent Retained Earnings Short-Term...
Required information [The following information applies to the questions displayed below.] Starbucks is a coffee company-a big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1,000. The following is adapted from Starbucks's annual report for the year ended October 2, 2016, and dollars are reported in millions. Accounts Payable Accounts Receivable $5,540 615 Cash 3,110 Common Stock 460 Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent...
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