Utilizing the annual report, refer to the Notes to the Financial Statements and analyze the company’s financial statements for the last 3 years. Analyze the changes in financing activities for Starbucks for the last 3 years. 1. Analyze net change in financial activities. Include discussion of whether the company obtained new debt or equity financing over the last 3 years, how the company’s debt and equity changed, and whether the company paid down debt or equity in the last 3 years. 2. Explain the pros and cons of having a large cash balance.
