Reference no: EM132716855
CONSOLIDATED STATEMENTS OF EARNINGS (INCOME STATEMENT)
(in millions)
Fiscal Year Ended Sep 29, 2019 Sep 30, 2018 Oct 1, 2017
Revenue (Sales Volume) 22,386
Cost of Goods Sold (COGS) 7,065
Operating expenses 10,494 9,472 8,486
Depreciation and amortization expenses 1,377 1,247 1,011
Interest expense 331 170 92
Income tax expense 871 1,262 1,432
Problem 1: Let's assume that the ratio (percentage) of the COGS to its Revenue (Sales Volume) of Starbucks hasn't changed in 2017, 2018, and 2019. If so, in order to break-even, what is the COGS and projected Revenue (Sales Volume) in 2018 and 2019?
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