80.2K

Verified Solution

Link Copied!

Horizontal analysis Starbucks Corporation Consolidated Income Statements For the Years Ended September 30, 2007, and October 1, 2006 \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{l} (Dollar amounts in thousands) \\ Net revenues \end{tabular}} & \multirow{2}{*}{\multicolumn{2}{|c|}{2007}} & \multirow{2}{*}{\multicolumn{2}{|c|}{2006}} & \multicolumn{2}{|c|}{ Increase (Decrease) } \\ \hline & & & & & \multirow[t]{2}{*}{ Amount } & \multirow[t]{2}{*}{ Percentage } \\ \hline & $ & 9,411,497 & s & 7,786,942 & & \\ \hline Cost of sales, including occupancy costs & & 3,999,124 & & 3,178,791 & & \\ \hline Gross margin & $ & 5,412,373 & s & 4,608,151 & & \\ \hline \multicolumn{7}{|l|}{ Operating expenses: } \\ \hline Store operating expenses & $ & 3,215,889 & s & 2,687,815 & & \\ \hline Other operating expenses & & 294,136 & & 253,724 & & \\ \hline Deprec. and amortization expenses & & 467,160 & & 387,211 & & \\ \hline General and adminstrative expenses & & 489,249 & & 479,386 & & \\ \hline Total operating expenses & s & 4,466,434 & s & 3,808,136 & & \\ \hline Operating income & $ & 945,939 & s & 800,015 & & \\ \hline Other income, net & & 110,425 & & 106,228 & & \\ \hline Income before income taxes & s & 1,056,364 & s & 906,243 & & \\ \hline Provision for income taxes & & 383,726 & & 324,770 & & \\ \hline Net income & s & 672,638 & s & 581,473 & & \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert

See Answer