Identify the value at which amounts are reported on the balance sheet.

Understand what an increase or a decrease in an account indicates.

Develop strategies for analyzing the balance sheet.

Q1 Calculate the amounts that should be reported for (L) and (Z) on the 9/28/2008 balance sheet: (L) = $_________million (Z) = $_________ million

STARBUCKS (SBUX) BALANCE SHEET ($ in millions)
ASSETS	10/02/2011	10/03/2010	9/27/2009	9/28/2008
Cash and cash equivalents	$ 1,148.1	$ 1,164.0	$ 599.8	$ 269.8
Short-term investments	902.6	285.7	66.3	52.5
Accounts receivable	385.6	302.7	271.0	329.5
Inventories	965.8	543.3	664.9	692.8
Other current assets	392.8	460.7	433.8	403.4
Property, plant, and equipment	6,163.1	5,888.7	5,700.9	5,717.3
Accumulated depreciation	(3,808.1)	(3,472.2)	(3,164.5)	(2,760.9)
PPE, net	2,355.0	2,416.5	2,536.4	2,956.4
Goodwill and other intangibles	433.5	333.2	327.3	333.1
Long-term investments	479.3	533.3	423.5	374.0
Other noncurrent assets	297.7	346.5	253.8	(L)
TOTAL ASSETS	$ 7,360.4	$ 6,385.9	$ 5,576.8	$ 5,672.6
LIABILITIES
Accounts payable	$ 540.0	$ 282.6	$ 267.1	$ 324.9
Short-term debt	0.0	0.0	0.0	713.0
Other current liabilities	1,535.8	1,496.5	1,313.9	1,151.8
Long-term debt	549.5	549.4	549.3	549.6
Other noncurrent liabilities	350.2	382.7	400.8	442.4
STOCKHOLDERS EQUITY
Contributed capital	41.2	146.3	187.1	40.1
Retained earnings	4,297.4	3,471.2	2,793.2	2,402.4
Other stockholders equity	46.3	57.2	65.4	48.4
TOTAL L & SE	$ 7,360.4	$ 6,385.9	$ 5,576.8	$ (Z)