Executive Summary on Starbucks - 3368 Words

Executive summary for Starbucks ACC/280 November 17, 2010 Executive summary for Starbucks For the second week within accounting, Team B was assigned to choose an organization, and to research the annual financial reports from the last two-three fiscal years. As a Team, we have chosen to discuss and analyze the vast coffee franchise called Starbuck’s. While using Starbucks balance sheet, income statements, and cash flow chart, this will help us to determine how well Starbuck’s is doing with their consumers, and throughout the globe. So now let us start off with explaining a brief history for this successful company, along with all the data and records we were able to retrieve. A small coffee shop was opened in 1971 by three†¦show more content†¦In another section, the data includes basic and diluted earnings per common share, basic and diluted weighted average number of common share outstanding. In the Balance Sheet section, the data includes working capital, total current assets, total current liabilities, long-debt and, shareholder’s equity, and cash dividends per common share, retained earnings. There is reference in the footnotes section that refer to further clarification on how the specified fiscal years as being restated and conforming to the adjustments, and referencing the goodwill and other intangible principles. The Cash Flows section data includes operating activities; net earnings such as, investment and financing activities, cash and cash equivalents and supplemental disclosure of cash flows. Finally the last statement represented was the Consolidated Statements Shareholder’s Equity. It presented the last three preceding 3 years’ common stock balance, net earnings, comprehensive income, and sale of stock and repurchase of common stock. Current Assets on a balance sheet are presented in order that allows them to be converted into cash easily, e.g. (cash, cash and cash equivalents, short-term investments, accounts receivable, inventories and property). Starbucks’ totalShow MoreRelatedExecutive Summary: Starbucks Corporation2827 Words   |  12 Pages1.0 Executive Summary Starbucks Corporation the leading coffeehouse in the world. It was founded in 1971 by Jerry Baldwin, Zev Siegel, and Gordon Bowker in Seattle, Washington. Howard Schultz was the key person who turned the company a huge success around the globe. Since the beginning Starbucks has been facing many tough challenges and yet it is still remains as the best coffee House in the world. 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