Question

What is the net balance of "above the line" items on the Starbucks financials for the Fiscal year ended Oct. 1, 2017 (in millions)?

STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS in millions, except per share data) Sep 30, 2018 Oct 1. 2017 Oct 2,

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Net balance of Above the line items refers to the gross profit

Gross profit = Net Revenues- Cost of sales

= 22386.80-9034.3

= $13352.50

Add a comment
Know the answer?
Add Answer to:
What is the net balance of "above the line" items on the Starbucks financials for the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn"...

    Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn" and "Consolidated Balance Sheets" worksheets in Starbucks 2017 and 2018 Annual Financial Statements : Current Ratio, Cash Ratio, Inventory Turnover, Days Sales in Inventory, Long Term Debt Ratio, Times Interest Earned, Gross Profit Margin, Net Profit Margin, Return on Equity, Return on Assets. 12 Months Ended Oct. 01, 2017 Sep. 30, 2018 Oct. 02, 2016 $ 22,386.8 9,034,3 6,493.3 500.3 1,011.4 1,450.7 153.5 18,643.5...

  • Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn"...

    Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn" and "Consolidated Balance Sheets" worksheets in Starbucks 2017 and 2018 Annual Financial Statements: Current Ratio, Cash Ratio, Inventory Turnover, Days Sales in Inventory, Long Term Debt Ratio, Times Interest Earned, Gross Profit Margin, Net Profit Margin, Return on Equity, Return on Assets. 12 Months Ended Oct. 01, 2017 Sep. 30, 2018 Oct. 02, 2016 $ 22,386.8 9,034,3 6,493.3 500.3 1,011.4 1,450.7 153.5 18,643.5 $...

  • Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn"...

    Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn" and "Consolidated Balance Sheets" worksheets in Starbucks 2017 and 2018 Annual Financial Statements: Current Ratio, Cash Ratio, Inventory Turnover, Days Sales in Inventory, Long Term Debt Ratio, Times Interest Earned, Gross Profit Margin, Net Profit Margin, Return on Equity, Return on Assets. 12 Months Ended Oct. 01, 2017 Sep. 30, 2018 Oct. 02, 2016 $ 22,386.8 9,034,3 6,493.3 500.3 1,011.4 1,450.7 153.5 18,643.5 $...

  • Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn"...

    Calculate the following financial ratios for fiscal year 2018 only using the "Consolidated Statements of Earn" and "Consolidated Balance Sheets" worksheets in Starbucks 2017 and 2018 Annual Financial Statements : Current Ratio, Cash Ratio, Inventory Turnover, Days Sales in Inventory, Long Term Debt Ratio, Times Interest Earned, Gross Profit Margin, Net Profit Margin, Return on Equity, Return on Assets. 12 Months Ended Oct. 01, 2017 Sep. 30, 2018 Oct. 02, 2016 $ 22,386.8 9,034,3 6,493.3 500.3 1,011.4 1,450.7 153.5 18,643.5...

  • create an excel file with worksheet named ratio. attached in the first picthrw is consolidated statement...

    create an excel file with worksheet named ratio. attached in the first picthrw is consolidated statement of earn and in the second pic consolidated balance sheets. thank you! need it asap А 12 Months Ended Oct. 01, 2017 Oct 02, 2016 Sep 30, 2018 $ 22,386.8 9,034.3 6,493.3 500.3 1,011.4 1,450.7 153.5 18,643.5 391.4 4,134.7 1 Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions 2 3 Net Revenues 4 Revenues 5 Cost of sales including...

  • This is Starbuck’s 2019 10-K data. Please make a common size balance sheet and a common...

    This is Starbuck’s 2019 10-K data. Please make a common size balance sheet and a common size income statement. Thank you! A B D E F G С 12 Months Ended Sep. 30, 2018 Sep. 29, 2019 Oct. 01, 2017 1 Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions 2 3 Net Revenues: 4 Revenues 5 Cost of sales 6 Store operating expenses 7 Other operating expenses 8 Depreciation and amortization expenses 9 General and...

  • Accounting for Business Decisions – Starbucks You are to submit an individual one to two-page report...

    Accounting for Business Decisions – Starbucks You are to submit an individual one to two-page report answering the following from an accounting perspective, not a marketing/management perspective: You are required to: 1. Of all the risks (risks are listed at the bottom) that Starbuck’s management discloses, which one do you think could most adversely affect the Balance Sheet and Income Statement at the store level and why? Demonstrate your understanding by showing an effect one on at least one of...

  • ratios for consolidated balance sheet Starbucks how do i solve for the ratio template? Consolidated Statements...

    ratios for consolidated balance sheet Starbucks how do i solve for the ratio template? Consolidated Statements of Earn Consolidated Balance Sheets Ratios Template Sep 30, 2018 O . 2017 Consolidated Balance Sheets - USD (S) Sin Millions Current Cash and cash equivalents Short-term in Prepaid Expand Other Ass, Cut Equity and cost investments Property, plant and equipment Deferred income Other long-term acts Other intangible assets TOTAL ASSETS Accued liabili Stowalue and liability Current pro long-term de Long-term debe Deed Revenue...

  • Analyzing Starbucks's Balance Sheet Disclosures Keview the financial statements and related notes of Starbucks in Appendix...

    Analyzing Starbucks's Balance Sheet Disclosures Keview the financial statements and related notes of Starbucks 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 $ 14,365,6 X million...

  • Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance...

    Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of General Mills, Inc. Income Statement, Fiscal Years Ended (in $ millions) May 26, 2013 May 27, 2012 May 29, 2011 Net Sales $ 17,774. 1 5 16.657.9 5 14,880.2 Cost of Sales 11.350.2 10.613.2 8,926.7 Selling, general and administrative expenses 3.552.3 3.380.7 3.192.0 Divestitures (gain) (17.4) Restructuring, impairment and other exit costs 19.8 101.6 Operating profit 2.851.8 2.562.4 2.774.5 Interest, net 316.9...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT