Ask Question
BusinessBusiness
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?

+4
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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions): Total assets $14,329.5 Total ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Dividends are part of the return you receive on your investment when you buy stock.
Answers (1)
In what order are the four primary financial statements prepared
Answers (1)
Last year your store had total sales of $175,000. Due to an economic downturn, you expect sales to decrease by 3% per year for the next 2 years. What are expected sales at the end of 2 years?
Answers (1)
Butterfly Technologies produces touch-enabled wearable devices. Its research and development team recently became aware of a new, open-source technology produced by a firm overseas that would improve the processing speed and battery life of all
Answers (1)
Davidson international has 13,700 shares of stock outstanding at a price per share of $28. the firm has decided to repurchase 500 of those shares in the open market.
Answers (1)
New Questions in Business
Another benefit of planning ahead for the specific degree you want is A - the opportunity for college scholarships B - less free time to devote to other activities C - frequent searches online to find sources D - additional cost to the parents for
Answers (2)
True or false: suppose that the hypothetical country of prairieland has a chronic scarcity of wheat, its staple grain. this implies that if prairieland has a market economy, wheat will be available only for a price.
Answers (1)
Sheldon has the following year-end account balances: Accounts Receivable, $5,000; Supplies, $12,000; Equipment, $18,000; Accounts Payable, $17,000; Stockholders' Equity, $43,000. The Cash account balance was not available at year-end.
Answers (1)
Nadia was informed about the interest rate and fees before she opened her account with the bank. What act or right made sure she was informed?
Answers (2)
Which form of transportation is the dominant form of domestic transportation?
Answers (1)
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.
Sign Up Forgot Password?