This and similar problems in each succeeding chapter focus on the financial statements of Starbucks Corporation. Starbucks

Question:

This and similar problems in each succeeding chapter focus on the of Starbucks Corporation. Starbucks is a worldwide retailer of specialty coffees. As you solve each of these homework problems, you will gradually strengthen your understanding of Starbucks’ complete You can find these statements either on the investor relations page of Starbuck’s Web site (investor.starbucks.com) or via the SEC’s EDGAR database (www.sec.gov/edgar.shtml).
Refer to Starbucks’ and answer the following questions:
1. How much cash did Starbucks have on October 2, 2011? (Include cash equivalents as part of cash.)
2. List the account titles and amounts from Starbucks’ that are accounts that were discussed in this chapter.
3. Write the company’s accounting equation as of October 2, 2011, by filling in the dollar amounts: Assets = Liabilities + Stockholders’ equity.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...