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Starbucks is a coffee company—a big coffee company. During a10-year period, the number of Starbucks locations in China grewfrom 24 to over 1,000. The following is adapted from Starbucks’sannual report for the year ended October 2, 2019, and dollars arereported in millions.Accounts Payable4,150Accounts Receivable770Cash2,130Common Stock630Equipment4,530Intangible Assets5,040Inventory1,380Notes Payable (long-term)3,200Notes Payable (short-term)400Prepaid Rent350Retained Earnings5,950Short-Term Investments130Assume that the following events occurred in the followingquarter, which ended December 31, 2019. Dollars are inmillions.a. Paid $1,000 cash for additional intangible assets.b. Issued additional shares of common stock for $10,000 incash.c. Purchased equipment; paid $4,000 in cash and signedadditional long-term loans for $9,500.d. Paid $800 cash for accounts payable owed at October 2.e. Conducted negotiations to purchase a coffee farm, which isexpected to cost $8,400.Formulate a general ledger and balance sheet. What is thecurrent ratio for Starbucks at October 2, 2019, prior to thetransactions listed above? What would it be after the transactionsin (a)-(e)?