Question: Prepare a horizontal analysis using trend percentages for the past five years for the following accounts: Sales, Cost of Goods Sold, Net income, Total Assets,

Prepare a horizontal analysis using trend percentages for the past five years for the following accounts: Sales, Cost of Goods Sold, Net income, Total Assets, and Total Liabilities. See pages 738-739 of your textbook for an example. Comment on the trend percentage for each account.

Starbucks
(In millions) 2021 2020 2019 2018 2017
Sales $ 29,059 $ 23,513 $ 26,502 $ 24,720 $ 22,384
Cost of Goods Sold $ 22,462 $ 20,316 $ 20,773 $ 19,105 $ 17,039
Net Income $ 4,199 $ 928 $ 3,599 $ 4,518 $ 2,885
Total Assets (in billions) $ 31,393 $ 29,375 $ 19,220 $ 24,156 $ 14,366
Total Liabilities (in billions) $ 36,707 $ 37,174 $ 25,451 $ 22,981 $ 8,909

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