Assessing Financial Statements
ASSESSING FINANCIAL STATEMENTS 1
Assessing Financial Statements Kimberly Adcock ACC/230 December 4, 201\4 Cynthia Kacmar
ASSESSING FINANCIAL STATEMENTS 2
The company that I have chosen to evaluate is Starbucks. Within the past three years Starbucks have maintained a net revenue in more than $9 billion dollars a year. In 2009 Starbucks net revenue was about $9.8 billion dollars and just in two years Starbucks has ended their 2011 year with a net revenue of $11.7 billion dollars making that this is the highest annual revenue. At Starbucks this was a 11 percent increase on a comparable 52-weeks basis. Over the past three years the operating margin has increased more than 9.1 percent in making the year of 2011 top out at a 14.8 percent at the end of the fiscal year. At Starbucks, this makes an increase in the operating income go from $562 million dollars to $1,728 million dollars, just in three years. Now, at the end of 2011the total annual assets at Starbucks would be $7.36 billion dollars and Starbucks total debt would be $2.97 billion dollars. With all of this information it tells me that Starbucks is in a good financial condition. In the net profit margin for Starbucks have gone up 3.18 percent. In 2009 the net income was $390,000 in the year of 2011, the net income has increased to $1,245,700. The net income level has had a very dramatic incline. I truly believe that this is due to the increase addiction to the caffeine that is in the coffee, even though our country is still facing on the economic conditions people love their coffee and the other drinks and food that Starbucks served daily. The total store sales had increased extremely from -6 percent
Assessing Financial Statements Kimberly Adcock ACC/230 December 4, 201\4 Cynthia Kacmar
ASSESSING FINANCIAL STATEMENTS 2
The company that I have chosen to evaluate is Starbucks. Within the past three years Starbucks have maintained a net revenue in more than $9 billion dollars a year. In 2009 Starbucks net revenue was about $9.8 billion dollars and just in two years Starbucks has ended their 2011 year with a net revenue of $11.7 billion dollars making that this is the highest annual revenue. At Starbucks this was a 11 percent increase on a comparable 52-weeks basis. Over the past three years the operating margin has increased more than 9.1 percent in making the year of 2011 top out at a 14.8 percent at the end of the fiscal year. At Starbucks, this makes an increase in the operating income go from $562 million dollars to $1,728 million dollars, just in three years. Now, at the end of 2011the total annual assets at Starbucks would be $7.36 billion dollars and Starbucks total debt would be $2.97 billion dollars. With all of this information it tells me that Starbucks is in a good financial condition. In the net profit margin for Starbucks have gone up 3.18 percent. In 2009 the net income was $390,000 in the year of 2011, the net income has increased to $1,245,700. The net income level has had a very dramatic incline. I truly believe that this is due to the increase addiction to the caffeine that is in the coffee, even though our country is still facing on the economic conditions people love their coffee and the other drinks and food that Starbucks served daily. The total store sales had increased extremely from -6 percent