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Calculate the current ratio and quick ratio

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Reference no: EM132999024

Using Starbucks Corporation's annual reports (2019 & 2020), address the following questions with some details:

  1. Calculate the current ratio and quick ratio for the latest two years (2019 & 2020), obtain the industry average ratios from the IBISWorld database or outside resource of your choice, and analyze the results.
  2. Discuss what each of these ratios tells you about the company's current financial condition, and how they compare to the industry averages.
  3. Identify the major causes of any changes in these ratios and discuss your assessment of the company based on these changes.
  4. Review the balance sheet and the notes to the most recent financial statements, and identify any contingent liabilities.
  5. Discuss whether or not you agree with how the company chose to treat each contingency on the financial statements (i.e., recorded vs. disclosed, but not recorded).
  6. Discuss the effect on the financial statements of the company's treatment of the contingency.
  7. Discuss whether the contingent liabilities change your assessment of the company.

Please support your response with at least one to two scholarly and/or credible resource, in addition to the text.

Reference: Starbucks>Investor Relations>Financial Data>Annual Reports for 2019 & 2020

Missing Reference: Download it from the website. Posting third-party links in here could be a policy violation. You can download it from the website Starbucks - Investor Relations - Financial Data - Annual Reports for 2019 & 2020

Reference no: EM132999024

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