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 OperationsNet revenues:Company-operated storesLicensed storesOtherTotal net revenuesOperating incomeNet earnings including noncontrolling interests (2)Net earnings/(loss) attributable to noncontrolling interestsNet 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 SheetTotal assetsLong-term debt (including current portion)Shareholders' equity/(deficit)(1)(2)Operating ExpensesFiscal Year EndedProduct and distribution costsStore operating expensesOther operating expensesDepreciation and amortization expensesGeneral and administrative expensesRestructuring and impairmentsTotal operating expensesIncome from equity investeesOperating incomeStore operating expenses as a % of related revenuesOther Income and ExpensesFiscal Year EndedOperating incomeNet gain resulting from divestiture of certain operationsInterest income and other, netInterest expenseEarnings before income taxesIncome tax expense$Net earnings including noncontrolling interestsNet loss attributable to noncontrolling interestsNet earnings attributable to StarbucksEffective tax rate including noncontrolling interests$$$$$$Sept 27,2020(52 Wks)19,164.62.327.12,026.323,518.0 $$1,561.7924.7(3.6)928.3Sep 27,20201.597.81,483.6Sep 27,202029,374.5 $15,909.5(7,805.1)0.791.237.694.9 $10,764.0430.31,431.31,679.6278.722.278.8322.51,561.7 $$1.561.7 $39.7(437.0)1,164.4239.7924.7Sept 29,2019(52 Wks)(3.6)21,544.4 $2,875.02.089.226,508.6 $4,077.9 $3,594.6(4.6)928.3Our 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 ourfourth fiscal quarter.3,599.2Fiscal 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 thegain 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 recordon November 12, 2020.2.921.495,047.01,806.619.219.611,167.0(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 taxbenefits as discussed in Note 1, Summary of Significant Accounting Policies.Sep 29,20198,526.910,493.6Sep 29,2019$371.01,377.31.824.1135.822,728.7298.04,077.9Sept 30,2018(52 Wks)19,690.3 $2.652.22,377.024,719.54,077.9622.896.5(331.0)4,466.2871.63,594.6$3,883.3 $4,518.0(0.3)4,518.3(4.6)3,599.23.241.3211.937.81,976.424,156.4 $9,440.11,169.5Oct 1,2017(52 Wks)17,650.7 $2,355.02.381.122,386.8 $Sep 27,20204,134.7 $2,884.90.22,884.71.971.05Sep 27,202014,365.6 $3,932.65,450.14.251.81,519.4As a % of TotalNet Revenues32.7 %45.80.2(1.9)5.01.03.9Oct 2,2016(53 Wks)1.86.17.11.294.71.46.6 %56.2 %16,844.12,154.22.317.621.315.9As a % of TotalNet Revenues6.6 %3.9 %20.6 %4,171.92,818.91.22,817.71.900.854.697.91.440.314,312.53,585.25,884.0Sep 29,2019Sep 29,201932.2 %39.61.45.26.90.585.71.115.4 %48.7 %15.4 %2.30.4(1.2)16.83.313.613.6 %19.5 %

Formula used: Total revenue for 2020=Total net revenues+Income from equity investees+Interest income…

Answered: How can I compute the total revenue,…

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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: How can we prepare a project's cash flow statement?

A: Cash flow statement of a project means summarised view of all cash inflows and cash outflows of the…

Q: How can engineers make capital-expenditure choices that are based on forecasting success?

A: As a result of this forecasting performance, engineers make capital-expenditure decisions will be…

Q: How to correctly find the operating profit? Show an example please.

A: The calculation of operating profit is an important aspect of understanding the financial position…

Q: assumptions for the sales growth.

A: An organization always tries to maximize its profit and perform better than earlier. In order to do…

Q: All of the following items would appear on the balance sheet except Select one: O a. current…

A: A balance sheet is one type of financial document that shows a company's financial situation as of a…

Q: According to the Productivity Index, which project should be chosen? Explain why people use the…

A: Net present value is the amount which is computed by subtracting the present value of cash outflow…

Q: A cost-benefit analysis, or CBA, is an evaluation o

A: A cost-benefit analysis (CBA) involves assessing the costs associated with implementing the program…

Q: What value would a discussion of the profitability index add to a conversation where you are trying…

A: Net Present value of a project is the sum of the present value of all the cash inflows and outflows.…

Q: How can working on an academic project about revenue recognition be impactful and insightful?

A: The objective of this question is to understand the potential benefits and insights that can be…

Q: Which TWO of the following can big data analytics be used for? To ensure decisions are based on data…

A: Data Analytics is an activity of processing raw data and extracting useful information for the…

Q: Part D of this question asks what the gross profit would be for each plan. I am having trouble…

A: Gross profit is the income earned from an activity after deducting all the direct expenses from…

Q: What is the primary purpose of a cost center? A) To generate revenue B) To control cost C) To manage…

A: In a centralized environment, control moves from task control to results control. In a task control…

Q: Explain how does the earning forecast is effective in assessing company performance?

A: In order to access the company performance it is important to understand the trend and analyse the…

Q: Describe the process of using the Income-Tax Rate in Project Evaluation?

A: The income tax rate is used to determine the cash flow after tax. As cash flow after tax helps in…

Q: How can we consider the information for a typical investment project with a service life?

A: Computation of the interest rate can be done by considering the information available for the…

Q: How can we consider the Future Worth and Project Balance?

A: The question is based on the concept of evaluation of long term investment, future worth and project…

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 %

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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.

Similar questions

How can we calculate the net annual sponsor's costs?
discuss the advantages and disadvantages of economic value added for performance measurement
Why is it important to make the distinction between company required rate of return (WACC) and project required rate of return when evaluating projects?
How do we calculate the PWfor the projects?
Management uses Cost Volume Profit (CPV) analysis as a planning process to predict the future volume of activity, costs incurred, sales made and profit received. Required: i. List and explain FIVE assumptions in C-V-P analysis.
Which provides a better estimate of a project’s “true” rate of return, the MIRR or theregular IRR? Explain.
Does the Profitability Analysis play an important role in decision making? How?
Which of the following tools is sometimes used to rank investment proposals? 01. 02. 03. 04. 05. Project assessment guide (PAG). Investment opportunity index. Annuity index. Profitability index. Capital ranking index.
Define the term Net Future Worth and draw a Project Balance Diagram?