Selected balance sheet and income statement information for Starbucks for 2018 and 2017 follows. $ millions 2018 2017 Cash..... $ 8,756.3 $2,462.3 228.6 Short-term investments 181.5 Accounts receivable. 693.1 870.4 ... Current assets 12,494.2 5,684.2 5,283.4 .... Current liabilities.. 4,220.7 Short-term debt. .. 349.9 Long-term debt.. Total liabilities... Interest expense.. Capital expenditures. Equity..... Cash from operations.. Earnings before interest and taxes. 9,090.2 22,980.6 3,932.6 8,908.6 170.3 92.5 1,976.4 1,175.8 11,937.8 3,883.3 1,519.4 5,457.0 4,251.8 4,134.7 Required a. Compute the following liquidity, solvency and coverage ratios for both years. Liquidity ratios Current ratio Solvency ratios Liabilities-to-equity ratio Total debt-to-equity ratio Coverage ratios Times interest earned Quick ratio Cash from operations to total debt Free operating cash flow to total debt

Selected balance sheet and income statement information for Starbucks for 2018 and 2017 follows. $ millions 2018 2017 Cash..... $ 8,756.3 $2,462.3 228.6 Short-term investments 181.5 Accounts receivable. 693.1 870.4 ... Current assets 12,494.2 5,684.2 5,283.4 .... Current liabilities.. 4,220.7 Short-term debt. .. 349.9 Long-term debt.. Total liabilities... Interest expense.. Capital expenditures. Equity..... Cash from operations.. Earnings before interest and taxes. 9,090.2 22,980.6 3,932.6 8,908.6 170.3 92.5 1,976.4 1,175.8 11,937.8 3,883.3 1,519.4 5,457.0 4,251.8 4,134.7 Required a. Compute the following liquidity, solvency and coverage ratios for both years. Liquidity ratios Current ratio Solvency ratios Liabilities-to-equity ratio Total debt-to-equity ratio Coverage ratios Times interest earned Quick ratio Cash from operations to total debt Free operating cash flow to total debt

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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