Please create a horizontal and vertical analysis Jane Doe CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share...

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Accounting

Please create a horizontal and verticalanalysis

Jane Doe CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS
(in millions, except per share data)
Sep 30,Oct 1,
Fiscal Year Ended20182017
Net revenues:
Company-operated stores$        19,690.30$        17,650.70
Licensed stores2,652.202,355.00
Other2,377.002,381.10
Total net revenues24,719.5022,386.80
Cost of sales including occupancy costs10,174.509,034.30
Store operating expenses7,193.206,493.30
Other operating expenses539.30500.30
Depreciation and amortization expenses1,247.001,011.40
General and administrative expenses1,759.001,450.70
Restructuring and impairments224.40153.50
Total operating expenses21,137.4018,643.50
Income from equity investees301.20391.40
Operating income3,883.304,134.70
Gain resulting from acquisition of joint
venture1,376.40                       -  
Net gain resulting from divestiture of
certain operations499.2093.50
Interest income and other, net191.40181.80
Interest expense(170.30)(92.50)
Earnings before income taxes5,780.004,317.50
Income tax expense1,262.001,432.60
Net earnings including noncontrolling
interests4,518.002,884.90
Net earnings/(loss) attributable to
noncontrolling interests(0.30)0.20
Net earnings attributable to Starbucks$         4,518.30$         2,884.70
Earnings per share - basic$                3.27$                1.99
Earnings per share - diluted$                3.24$                1.97
Weighted average shares outstanding:
Basic1,382.701,449.50
Diluted1,394.601,461.50

-Did accounts receivable increase? -Did sales increase? Didplant, property, and equipment increase?

-What does this tell you about the company? Did sales increaseor decrease? What about cost of sales? If you were going to lookfurther into the company, what would you want to investigate?

Answer & Explanation Solved by verified expert
4.3 Ratings (908 Votes)
For account receivables and plant property and equipmentinformation is not given in the questionJane Doe CORPORATIONCONSOLIDATED STATEMENTS OF EARNINGSin millions except per share dataSep 30Oct 1Horizonal AnalysisFiscal Year Ended20182017Net revenuesCompanyoperated stores196903017650701156Licensed stores2652202355001262Other237700238110017Total net revenues247195022386801042Cost of sales including occupancy costs10174509034301262Store operating expenses7193206493301078Other    See Answer
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