Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) 9/30/2011 Account Sales Cost of goods sold Selling, general, and administrative expenses EBIT Interest expense Taxes Net income $ $ $ $ $ $ $ 11,681 $ -4,910 $ -4,937 $ 1,834 $ -36 $ -665 $ 1,133 $ 9/30/2012 13,323 $ -5,897 $ -5,237 $ 2,189 $ -57 $ -789 $ 1,343 $ 9/30/2013 14,736 -6,224 -8,626 -114 -66 67 -113 9/30/2014

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Data table
Starbucks
Abbreviated Income Statements for the Years Ending September 30, 2011-2014
($ in Millions)
9/30/2011
Account
Sales
$
Cost of goods sold
$
Selling, general, and administrative expenses $
EBIT
$
Interest expense
Taxes
Net income
GA
$
$
11,681 $
-4,910 $
-4,937 $
1,834 $
-36 $
-665 $
1,133 $
9/30/2012
13,323 $
-5,897 $
-5,237 $
2,189 $
-57 $
-789 $
1,343 $
9/30/2013
14,736
-6,224
-8,626
-114
-66
67
-113
9/30/2014
I
Transcribed Image Text:Data table Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) 9/30/2011 Account Sales $ Cost of goods sold $ Selling, general, and administrative expenses $ EBIT $ Interest expense Taxes Net income GA $ $ 11,681 $ -4,910 $ -4,937 $ 1,834 $ -36 $ -665 $ 1,133 $ 9/30/2012 13,323 $ -5,897 $ -5,237 $ 2,189 $ -57 $ -789 $ 1,343 $ 9/30/2013 14,736 -6,224 -8,626 -114 -66 67 -113 9/30/2014 I
Predicting net income. Abbreviated income statements for Starbucks are in the popup window:. Predict the net income for the period ending September 30, 2014, by
determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%. Note: Enter all expenses as negative numbers.
Transcribed Image Text:Predicting net income. Abbreviated income statements for Starbucks are in the popup window:. Predict the net income for the period ending September 30, 2014, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%. Note: Enter all expenses as negative numbers.
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