Use the case study “Starbucks” locates the income statement of past two years. Prepare a table in good format comparing at least ten revenue and expense items for the two years.

Describe about the following questions:

Did the numbers increase or decrease? What can we learn from this information?

Is the company doing better or worse?

Did revenues and expenses increase or decrease? Are revenues and expenses moving in the same direction?

How is Starbucks doing vis-à-vis the industry?

Answer rating: 100% (QA)

Introduction Income statement refers to one of the major financial statements of a company that is used to portray their loss and profit over a given period of time The magnitude of profit and loss is ... View the full answer