Obtain Starbucks’s 2017 annual report either using the “Investor Relations” portion of its web site (do a Web search for Starbucks investor relations) or go to http://www.sec.gov and click “Search for company filings” under “Filings and Forms (EDGAR).”

Required:
1. What is the value of Starbucks’s property, plant, and equipment?
2. What categories of property, plant, and equipment does Starbucks report in its financial statements?
3. What type of asset is work in progress?
4. How much cash was used to purchase property, plant, and equipment in 2017?
5. How does Starbucks treat repair and maintenance costs?
6. Compute Starbucks’s fixed asset turnover. What does this ratio tell you?