On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):

Total assets $14,329.5

Total stockholders' equity 5,890.7

Total current liabilities 4,546.9

1. What did Starbucks report as total liabilities on October 2, 2016?

Question

Amaya

Business

14 October, 11:45

On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):

Total assets $14,329.5

Total stockholders' equity 5,890.7

Total current liabilities 4,546.9

1. What did Starbucks report as total liabilities on October 2, 2016?

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Answers (1)

Know the Answer?

Alexia Goodman · Answer 1

The total liabilities of the Starbucks on October 2, 2016 will be $12,985.7

Explanation:

The total liabilities will be computed using the accounting equation, which is as:

Accounting Equation

Assets = Liabilities + Shareholders Equity

Assets = (Current liabilities + Long term liabilities) + Shareholders Equity

Putting the values here in the accounting equation:

$14,329.5 = Liabilities + $5,890.7

Liabilities = $14,329.5 - $5,890.7

= $8,438.8

So, the total liabilities will be:

Total liabilities = Liabilities (long term) + Current liabilities

= $8,438.8 + $4,546.9

= $12,985.7

On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):Total assets $14,329.5Total stockholders' equity 5,890.7Total current liabilities 4,546.91. What did Starbucks report as total liabilities on October 2, 2016?

On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):

Total assets $14,329.5

Total stockholders' equity 5,890.7

Total current liabilities 4,546.9

1. What did Starbucks report as total liabilities on October 2, 2016?