Find the Starbucks financial statements for 2011 either on Starbucks
Find the Starbucks financial statements for 2011 either on Starbucks’ Web site or on the SEC’s EDGAR Web site and answer the following questions:
1. What was the amount of net revenues (total sales) and net earnings for the year ended October 2, 2011?
2. How did Starbucks’ net income and dividends affect its retained earnings?
3. What is Starbucks’ EPS for the year ended October 2, 2011? Compute the P-E ratio, assuming the market price for Starbucks’ stock was $35.93 at the time.
4. Suppose the average P-E ratio for companies at that time was 15. Do investors expect Starbucks’ EPS to grow faster or slower than average? Explain.

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