Financial Reporting Problem Essay

760 Words Sep 8th, 2015 4 Pages
Starbucks Financial Analysis
STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data)

Sep 29, 2013 Sep 30, 2012
ASSETS
Current assets:
Cash and cash equivalents $ 2,575.7 $ 1,188.6
Short-term investments 658.1 848.4
Accounts receivable, net 561.4 485.9
Inventories 1,111.2 1,241.5
Prepaid expenses and other current assets 287.7 196.5
Deferred income taxes, net 277.3 238.7
Total current assets 5,471.4 4,199.6
Long-term investments 58.3 116.0
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The company’s total assets at the end the 2013 Q3 reporting period amounted to $11,516.70 million
2. the total assets at the end of the previous annual reporting period which for Q4 2012 amounted to $8,219.29 million
3. The company had cash and cash equivalents at the end of Q3 2013 equaling $2,575.70 million
4. The company also controlled cost showing an increase in accounts payable from 2012 equaling $398.10 million to $491.70
5. The last three last three annual reporting periods yielded large income increases:
52 weeks ending 2013-09-29 $14,892.20 million
52 weeks ending 2012-09-30 $9,731.40 million
52 weeks ending 2011-10-02 $8,510.40 million

6. The changes in dollars in the company’s net income from the most recent annual reporting periods showed ‘
52 weeks ending 2013-09-29 $8.30 million
52 weeks ending 2012-09-30…

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