1. Analyze the below Financial Statement using ratio analysis AND comparative analysis.
2. Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale.
3. Identify the current industry trend that has the most significant impact on your assigned organization's financial performance. Indicate the trend's impact on the financial performance of the organization. As the CFO, suggest at least one (1) way that you might minimize or maximize the impact of the trend on the organization.
4. As the CFO, suggest one (1) key strategy that you might use in order to improve the financial performance of the organization. Recommend an approach to implement the suggested strategy. Provide LEGITIMATE support for your recommendation.

Use graphs to present data and...Compare your results withwww.bizstats.com(Links to an external site.)for industry standard ratios. Specifically:http://www.bizstats.com/corporation-industry-financials/accommodation-and-food-services-72/

STARBUCKS CORPORATION Consolidated Statements of Earnings (in thousands of dollars, except earnings per share) Fiscal Year Ended September 30, 2007 October 1, 2006 Company operated retail $7.908,265 16,583 098 Licensing 1,026,338 860.676 Food service and other Toul specialty 1.413.293 1,203.844 Total net revenues 91411.497 7.786.942 Cost of sales including occupancy costs 3,490,124 3,178.791 Store operating expenses 3,215.889 2.687.815 Other operating expenses 204,136 253.724 Depreciation and amortization experts 147.211 General and administrative expimint 450.249 479.386 Total operating spice 8/455.558 6,945.927 Income from equity investees 108.006 Operating Income 1.053.945 893952 Net interest and other income 3.419 12.201 Earnings before income tour 1,056,364 905,243 Income taxes 324,730 Earnings before cumulative efffect of change in Docounting principle 672.638 581.473 Cumulative effect of accounting change for FIN 47. net of hoon 17.214 Net earnings 5 672.638 564.259 Por common shares Earnings before cumulative effect of change in docounting principles basic 0.90 0.76 Curmulative effect of accounting change for IN 47. net of thees 0.02 Net earnings bic 0.50 0.74 Earnings before cumulative efffect of change in accounting principles diluted 0.73 Cumulative effect of accounting change for FIN 47, net of faces 0.02 Net earnings diluted 0.87 0.71 Weighted average shares outstanding: Basic 749.763 766,114 Diluted 770,091 792.554 Current assets: Cash and cash equivalents $ 281 261 $ 312 606 Short-term investments-available-for sale securities 83 845 87.542 Short-term investments-trading securities 73.588 53.496 Accounts receivable, net 287.925 224.271 Inventories 691.658 636.222 Prepaid expenses and other current assets 148.757 126.874 Deferred income taxes, net 129.453 88.777 Total current assets 1.696,487 1.529.786 Long-term investments-available-for sale securities 21.022 5.811 Equity and other investments 258 846 219.093 Property, plant, and equipment. net 7.890.433 7.287_899 Other assets 219.422 186 917 Other intangible assets 42.043 37.955 Goodwill 215.625 161 478 Total Assets $5.343 878 $4,428.941Liabilities and Shareholders' Equity Current liabilities: Commercial paper and short-term borrowings $ 710,248 $ 700,000 Accounts payable 390,836 340,937 Accrued compensation and related costs 332,331 288,963 Accrued occupancy costs 74,591 54,868 Accrued taxes 92,516 94,010 Other accrued expenses 257,369 224,154 Deferred revenue 296,900 231,926 Current portion of long-term debt 775 762 Total current liabilities 2,155,566 1,935,620 Long-term debt 550,121 1,958 Other long-term liabilities 354,074 262,857 Total liabilities 3,059,761 2,200,435 Shareholders' equity: Common stock ($0.001 par value)-authorized, 1,200,000,000 shares; issued and outstanding, 738,285,285 and 756,602,071 shares, respectively, (includes 3,420,448 common stock units in both periods) 738 756 Other additional paid-in-capital 39,393 39,393 Retained earnings 2,189,366 2,151,084 Accumulated other comprehensive income 54,620 37,273 Total shareholders' equity 2,284, 117 2,228,506 Total liabilities and shareholders' equity $5,343,878 $4,428,941