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QUESTION
Please go to EDGAR (Links to an external site.) Links to an external site. and download the Starbucks financial statements for fiscal year 2013 (year...
Please go to EDGAR (Links to an external site.)
Links to an external site.
and download the Starbucks financial statements for fiscal year 2013 (year ended September 29, 2013).
Please answer the following questions with at least a few sentences:
- How does Starbucks make money? What's the industry and nature of the business? Please apply Porter's five forces framework to the specialty coffee retail industry.
- Does Starbucks report consolidated financial statements? What does this mean?
- How often are financial statements prepared by publicly traded companies for external reporting purposes?
- Who are the potential users of the Starbucks financial statements? What are they looking for? Who is responsible for the Starbucks financial statements?
- What company audited Starbucks that year? What was their opinion and, in your words, what does it mean? Why are there two opinion letters, and why are the dates after the Starbucks year-end date?
