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13 November, 05:02

On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):

Total assets $14,329.5

Total stockholders' equity 5,890.7

Total current liabilities 4,546.9

1. What did Starbucks report as total liabilities on October 2, 2016?

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Answers (1)
  1. 13 November, 07:17
    0
    The total liabilities of the Starbucks on October 2, 2016 will be $12,985.7

    Explanation:

    The total liabilities will be computed using the accounting equation, which is as:

    Accounting Equation

    Assets = Liabilities + Shareholders Equity

    Assets = (Current liabilities + Long term liabilities) + Shareholders Equity

    Putting the values here in the accounting equation:

    $14,329.5 = Liabilities + $5,890.7

    Liabilities = $14,329.5 - $5,890.7

    = $8,438.8

    So, the total liabilities will be:

    Total liabilities = Liabilities (long term) + Current liabilities

    = $8,438.8 + $4,546.9

    = $12,985.7
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Home » Business » On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions): Total assets $14,329.5 Total stockholders' equity 5,890.7 Total current liabilities 4,546.9 1.
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