Starbucks Corporation reported the following geographical segment revenues for a recentand a prior fiscal year:Recent YearPrior Year(in millions, rounded)(in millions, rounded)Americas$13,293$11,980EMEA*1,2171,295China/Asia Pacific2,3961,130Channel Development**1,7311,546Other526497$19,163$16448Total*Europe, Middle East, and Africa**Sells packaged coffee and teas globallya. Prepare a horizontal analysis of the segment data using the prior year as the base year.Round whole percents to one decimal place.b. Prepare a vertical analysis of the segment data. Round whole percents to one decimalplace.c. What conclusions can be drawn from your analyses?

Horizontal analysis of segment revenue uses one year as the base year and then the change in…

Answered: Starbucks Corporation reported the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): 2017 (in millions) Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments Outside sales $7,332 $3,956 $8,651 $4,767 $10,524 Intersegment sales 42 73 1,986 409 81 Total sales $7,374 $4,029 $10,637 $5,176 $10,605 2016 (in millions) Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments Outside sales $7,014 $3,746 $6,437 $4,788 $19,751 Intersegment sales 264 73 3,773 506 134 Total sales $7,278 $3,819 $10,210 $5,294 $19,885 For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Round your answers to one decimal place. Intersegment Sales as a % of Total Sales Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments 2017 ? ? ? ? ?…
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Vertical Analysis Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $298,000 104,300 193,700 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $298,000 Cost of goods sold 104,300 Gross profit $193,700 % %
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Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…
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Payton Company has the following segment revenues for the two most recent fiscal years. Segment Current Year (in millions) Prior Year (in millions) China $770 $650 Canada 326 240 Other countries 212 168 Total revenues $1,308 $1,058 Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. Payton Company Vertical Analysis Current Year Prior Year Current Year Percent Prior Year Segment Amount Amount Percent (in millions) (in millions) China $770 $650 % Canada 326 240 Other countries 212 168 Total revenues $1,308 $1,058 Previous Next

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