Question: Integrative Case 1.1 Starbucks - Interpreting Financial Statement Relations Exhibit 1.29 presents common-size and percentage change balance sheets and Exhibit 1.30 (page 81) presents common-size

Integrative Case 1.1 Starbucks - Interpreting Financial Statement Relations

Exhibit 1.29 presents common-size and percentage change balance sheets and Exhibit 1.30 (page 81) presents common-size and percentage change income statements for Starbucks for20092012. The percentage change statements report the annual percentage change in each account from 2010 through 2012. Respond to the following questions.

t. The dollar amount shown for cash and cash equivalents (see Exhibit 1.26) increased between the end of scal 2011 and the end of scal 2012, yet the percentage of total assets comprising these assets declined (see Exhibit 1.29). Explain.

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