Construct a common-size income statement and balance sheet using the 2020s 10-K for two years.

What are the major assets? What are the intangible assets? Are there any unrecorded intangible assets?

How is Starbucks financed?

Review the revenue recognition policies in Note 1 to the Consolidated Financial Statements on 10-K. Does Starbucks record revenue when they receive cash from customers (cash-basis accounting) or follow a different rubric (e.g. accrual accounting)? How does Starbucks record revenue on stored value cards or gift cards? What challenges in measuring revenue do you observe? That is, are there any significant judgments management needs to make in recording sales revenue? What are its major expenses? Are there significant cost structure changes?

Are there litigation charges and where are they included?

Compare its net income to net cash provided by operating activities and explain the difference

How much cash did Starbucks use for expenditures for PPE? What amount of dividends did Starbucks pay during the year? How does this amount compare to the amount of dividends declared as shown in the statement of equity?