Homework Help is Here – Start Your Trial Now!
Business
Accounting
How can I compute the total revenue, total cost and total profit for 2020? Is there the data that I need to do that?

How can I compute the total revenue, total cost and total profit for 2020? Is there the data that I need to do that?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%

How can I compute the total revenue, total cost and total profit for 2020? Is there the data that I need to do that?

 

Financial Information (in millions, except per share data): As of and for the Fiscal Year Ended (¹) Results of Operations Net revenues: Company-operated stores Licensed stores Other Total net revenues Operating income Net earnings including noncontrolling interests (2) Net earnings/(loss) attributable to noncontrolling interests Net earnings attributable to Starbucks (2) EPS diluted (2) Cash dividends declared per share (3) Net cash provided by operating activities (4) Capital expenditures (additions to property, plant and equipment) Balance Sheet Total assets Long-term debt (including current portion) Shareholders' equity/(deficit) (1) (2) Operating Expenses Fiscal Year Ended Product and distribution costs Store operating expenses Other operating expenses Depreciation and amortization expenses General and administrative expenses Restructuring and impairments Total operating expenses Income from equity investees Operating income Store operating expenses as a % of related revenues Other Income and Expenses Fiscal Year Ended Operating income Net gain resulting from divestiture of certain operations Interest income and other, net Interest expense Earnings before income taxes Income tax expense $ Net earnings including noncontrolling interests Net loss attributable to noncontrolling interests Net earnings attributable to Starbucks Effective tax rate including noncontrolling interests $ $ $ $ $ $ Sept 27, 2020 (52 Wks) 19,164.6 2.327.1 2,026.3 23,518.0 $ $ 1,561.7 924.7 (3.6) 928.3 Sep 27, 2020 1.597.8 1,483.6 Sep 27, 2020 29,374.5 $ 15,909.5 (7,805.1) 0.79 1.23 7.694.9 $ 10,764.0 430.3 1,431.3 1,679.6 278.7 22.278.8 322.5 1,561.7 $ $ 1.561.7 $ 39.7 (437.0) 1,164.4 239.7 924.7 Sept 29, 2019 (52 Wks) (3.6) 21,544.4 $ 2,875.0 2.089.2 26,508.6 $ 4,077.9 $ 3,594.6 (4.6) 928.3 Our fiscal year ends on the Sunday closest to September 30. The fiscal year ending on October 2, 2016 included 53 weeks, with the 53rd week falling in our fourth fiscal quarter. 3,599.2 Fiscal 2018 results include a gain not subject to income tax of $1.4 billion resulting from the acquisition of our East China joint venture. The impact of the gain to our diluted EPS was $0.99. (3) Subsequent to our year-end, on September 30, 2020, we declared a cash dividend of $0.45 per share payable on November 27, 2020 to shareholders of record on November 12, 2020. 2.92 1.49 5,047.0 1,806.6 19.219.6 11,167.0 (6,232.2) (4) Net cash provided by operating activities for fiscal 2016 and fiscal 2017 has been adjusted for the adoption of new accounting guidance related to excess tax benefits as discussed in Note 1, Summary of Significant Accounting Policies. Sep 29, 2019 8,526.9 10,493.6 Sep 29, 2019 $ 371.0 1,377.3 1.824.1 135.8 22,728.7 298.0 4,077.9 Sept 30, 2018 (52 Wks) 19,690.3 $ 2.652.2 2,377.0 24,719.5 4,077.9 622.8 96.5 (331.0) 4,466.2 871.6 3,594.6 $ 3,883.3 $ 4,518.0 (0.3) 4,518.3 (4.6) 3,599.2 3.24 1.32 11.937.8 1,976.4 24,156.4 $ 9,440.1 1,169.5 Oct 1, 2017 (52 Wks) 17,650.7 $ 2,355.0 2.381.1 22,386.8 $ Sep 27, 2020 4,134.7 $ 2,884.9 0.2 2,884.7 1.97 1.05 Sep 27, 2020 14,365.6 $ 3,932.6 5,450.1 4.251.8 1,519.4 As a % of Total Net Revenues 32.7 % 45.8 0.2 (1.9) 5.0 1.0 3.9 Oct 2, 2016 (53 Wks) 1.8 6.1 7.1 1.2 94.7 1.4 6.6 % 56.2 % 16,844.1 2,154.2 2.317.6 21.315.9 As a % of Total Net Revenues 6.6 % 3.9 % 20.6 % 4,171.9 2,818.9 1.2 2,817.7 1.90 0.85 4.697.9 1.440.3 14,312.5 3,585.2 5,884.0 Sep 29, 2019 Sep 29, 2019 32.2 % 39.6 1.4 5.2 6.9 0.5 85.7 1.1 15.4 % 48.7 % 15.4 % 2.3 0.4 (1.2) 16.8 3.3 13.6 13.6 % 19.5 %
Transcribed Image Text:Financial Information (in millions, except per share data): As of and for the Fiscal Year Ended (¹) Results of Operations Net revenues: Company-operated stores Licensed stores Other Total net revenues Operating income Net earnings including noncontrolling interests (2) Net earnings/(loss) attributable to noncontrolling interests Net earnings attributable to Starbucks (2) EPS diluted (2) Cash dividends declared per share (3) Net cash provided by operating activities (4) Capital expenditures (additions to property, plant and equipment) Balance Sheet Total assets Long-term debt (including current portion) Shareholders' equity/(deficit) (1) (2) Operating Expenses Fiscal Year Ended Product and distribution costs Store operating expenses Other operating expenses Depreciation and amortization expenses General and administrative expenses Restructuring and impairments Total operating expenses Income from equity investees Operating income Store operating expenses as a % of related revenues Other Income and Expenses Fiscal Year Ended Operating income Net gain resulting from divestiture of certain operations Interest income and other, net Interest expense Earnings before income taxes Income tax expense $ Net earnings including noncontrolling interests Net loss attributable to noncontrolling interests Net earnings attributable to Starbucks Effective tax rate including noncontrolling interests $ $ $ $ $ $ Sept 27, 2020 (52 Wks) 19,164.6 2.327.1 2,026.3 23,518.0 $ $ 1,561.7 924.7 (3.6) 928.3 Sep 27, 2020 1.597.8 1,483.6 Sep 27, 2020 29,374.5 $ 15,909.5 (7,805.1) 0.79 1.23 7.694.9 $ 10,764.0 430.3 1,431.3 1,679.6 278.7 22.278.8 322.5 1,561.7 $ $ 1.561.7 $ 39.7 (437.0) 1,164.4 239.7 924.7 Sept 29, 2019 (52 Wks) (3.6) 21,544.4 $ 2,875.0 2.089.2 26,508.6 $ 4,077.9 $ 3,594.6 (4.6) 928.3 Our fiscal year ends on the Sunday closest to September 30. The fiscal year ending on October 2, 2016 included 53 weeks, with the 53rd week falling in our fourth fiscal quarter. 3,599.2 Fiscal 2018 results include a gain not subject to income tax of $1.4 billion resulting from the acquisition of our East China joint venture. The impact of the gain to our diluted EPS was $0.99. (3) Subsequent to our year-end, on September 30, 2020, we declared a cash dividend of $0.45 per share payable on November 27, 2020 to shareholders of record on November 12, 2020. 2.92 1.49 5,047.0 1,806.6 19.219.6 11,167.0 (6,232.2) (4) Net cash provided by operating activities for fiscal 2016 and fiscal 2017 has been adjusted for the adoption of new accounting guidance related to excess tax benefits as discussed in Note 1, Summary of Significant Accounting Policies. Sep 29, 2019 8,526.9 10,493.6 Sep 29, 2019 $ 371.0 1,377.3 1.824.1 135.8 22,728.7 298.0 4,077.9 Sept 30, 2018 (52 Wks) 19,690.3 $ 2.652.2 2,377.0 24,719.5 4,077.9 622.8 96.5 (331.0) 4,466.2 871.6 3,594.6 $ 3,883.3 $ 4,518.0 (0.3) 4,518.3 (4.6) 3,599.2 3.24 1.32 11.937.8 1,976.4 24,156.4 $ 9,440.1 1,169.5 Oct 1, 2017 (52 Wks) 17,650.7 $ 2,355.0 2.381.1 22,386.8 $ Sep 27, 2020 4,134.7 $ 2,884.9 0.2 2,884.7 1.97 1.05 Sep 27, 2020 14,365.6 $ 3,932.6 5,450.1 4.251.8 1,519.4 As a % of Total Net Revenues 32.7 % 45.8 0.2 (1.9) 5.0 1.0 3.9 Oct 2, 2016 (53 Wks) 1.8 6.1 7.1 1.2 94.7 1.4 6.6 % 56.2 % 16,844.1 2,154.2 2.317.6 21.315.9 As a % of Total Net Revenues 6.6 % 3.9 % 20.6 % 4,171.9 2,818.9 1.2 2,817.7 1.90 0.85 4.697.9 1.440.3 14,312.5 3,585.2 5,884.0 Sep 29, 2019 Sep 29, 2019 32.2 % 39.6 1.4 5.2 6.9 0.5 85.7 1.1 15.4 % 48.7 % 15.4 % 2.3 0.4 (1.2) 16.8 3.3 13.6 13.6 % 19.5 %
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Income Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS