Question

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 Current liabilities $ 8,908,60 x million 5. What was the single largest current asset and current liability? Single largest current asset Cash and cash equivalents $ 2,462,30 X million Single largest current liabilities Accrued liabilities $1,934,50 x million B. What was the amount in the allowance for doubtful accounts? s million 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 outstanding 1,431,60 x million $. What was the total amount of inventory? $ 1,364,00 x million What were the principal categories of inventory? All of the choices are correct. 5. What costing method was used for inventories? Lower of cost or market . What was the total property, plant, and equipment before and after accumulated depreciation? Before accumulated depreciation: $ 4,919,50 X million after accumulated depreciation: $ million 3. What was the accumulated depreciation? $ million What method does the company use to depreciate its property, plant, and equipment? Straight-line method million in 2021; $ million in 2022: $ million in 2023; $ million in 2024; $ million in 2026; and $ million in 2045 p. What was the long-term debt? $ 3,932,60 x million When is the debt due? The long-term notes are due as follows $ million in 2018: 5 10. What was the retained earnings balance? s 5,563,20 X million What caused retained earnings to change in 2017? All of the choices are correct. 1. What was the accumulated other comprehensive income / (loss) balance? $ 1,556,00 x million 12. What was the noncontrolling interest balance? $ 6,900,00 x million

Answer 1

1- current assets- 5,283.4

  Current liabilities- 4220.7

2- cash& cash equivalents- 2,462.3

     Accrued liabilities- 1,934.5

3- allowances for doubtful amount-  either 4.8 or I need more information to find out the exact amount.

4- common stock- 0.001

  Share issues and outstanding- 1,431.60 or 1,460.5 or 1.4

5- inventory- 1,364 or 1,364.0

6- lower of cost or market

7- before accumulated depreciation- 5,986.6

   After accumulated depreciation- 4,919.5

8- accumulated depreciation- 1067.1

9- long term debts - 3932.6

   2018- 3932.6

   2021- 3932.6

   2022- 3932.6

   2023- 3932.6

   2024- 3932.6

   2026- 3932.6

   2045- 3932.6 ( its conclude with only the details given, and no any further addition or repayment made, to find out the exact amount need to provide additional details.)

10- retained earning balance- 5,536.2

11- comprehensive income/ loss - (156.6) loss

12- non-controlling interest balance - 6.9