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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