Finance
The company that I am writing about is Starbucks. The information will come from the 2012 Annual Report, which reflects the year ended September 30, 2012.
The total assets of Starbucks are $8.219 billion. This is important because the total assets reflect the size of the company. Total assets are often considered in terms of trend (i.e. is the company growing?). The total assets at the end of the previous reporting period were $7.360 billion. Thus, in the 2012 fiscal year, Starbucks saw its total assets increase by 11.6%.
On the balance sheet, Starbucks is showing a cash and cash equivalents figure of $1.186 billion. This is around the same as the company has the year before. It is likely the amount of cash that the company needs to operate its business plus some flexibility cash as well.
The level of accounts payable reflects the amount of money in bills the company must pay for the next year and this is $398.1 million. At the end of the last fiscal year, this was $540 million, so Starbucks has reduced its accounts payable by 26.2% in the past year.
Revenue are recorded on the income statement. For the last year, revenues at Starbucks were $13.299 billion....
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