Overview
Please provide an answer that is 100% original and do not copy the answer to this question from any other website since I am already well aware of this. I will be sure to check this.
Please be sure that the answer comes up with way less than 18% on Studypool's internal plagiarism checker since anything above this is not acceptable according to Studypool's standards. I will not accept answers that are above this standard.
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Prior to beginning work on this assignment,
- Read Chapter 4 in the Foundations of Financial Management textbook. Block, S. B., Hirt, G. A., & Danielsen, B. R. (2022). Foundations of financial management (18th ed.). McGraw-Hill Higher Education.
- Review the current financial statements of Starbucks through Yahoo! Finan Links to an external site. or the EDG Company FilingLinks to an external site. database in the Filings and Forms page. You can access the financial statements by going to the Yahoo! Finance webpage, typing in the stock symbol of Starbucks, and then clicking on the “Financials” tab.
- Review the Financial Template (attached)
Reviewing the previous quarter’s financial statements will provide you with data to construct pro forma financial statements for Starbucks and make some basic projections. This week, your task will be to construct two pro forma financial statements and address some questions about your projections. The two financial statements will include an Income Statement and Balance Sheet.
To begin your assignment, download the Financial Forecasting Template/You may also download and refer to the Home Depot example (attached)
Use the EDGAR (SEC.gov | Search Filings)/Company filings (SEC.gov | Search Filings) or Yahoo Finance Yahoo Finance - Stock Market Live, Quotes, Business & Finance News Links to an external site. database to download the last 10-Q from Starbucks into Excel.
In the Financial Forecasting project,
- Complete the Income Statement and Balance Sheet on the appropriate tabs in the Financial Forecasting Template, using the downloaded data.
- Calculate the expenses to determine what will change and what will remain the same.
- Summarize your rationale, within each line item expense.
- Assume that sales will increase for the next quarter by the same percentage increase from the previous quarter to the last reported quarter. For example, if sales increased 8% from the last quarter to the current reported quarter, you will use 8% as the sales increase for your pro formas.
- Not all costs are associated with the cost of sales. It will be up to you to determine which line items need to be increased and which ones need to be left alone. This will require you to distinguish between fixed and variable costs
Requirements: Please be sure to carefully follow the instructions | .doc file
Please provide an answer that is 100% original and do not copy the answer to this question from any other website since I am already well aware of this. I will be sure to check this.
Please be sure that the answer comes up with way less than 18% on Studypool's internal plagiarism checker since anything above this is not acceptable according to Studypool's standards. I will not accept answers that are above this standard.
No AI or Chatbot! I will be sure to check this.
Please be sure to carefully follow the instructions.
No plagiarism & No Course Hero & No Chegg. The assignment will be checked for originality via the Turnitin plagiarism tool.