reporting and interpreting liabilities

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1、ConfirmingPagesLEARNINGOBJECTIVESAfterstudyingthischapter,youshouldbeableto:1.Define,measure,andreportcurrentliabilities.p.4572.Usethequickratio.p.4583.Analyzetheaccountspayableturnoverratio.p.460LecturePresentationLP-94.Reportnotespayableandexplainthet

2、imevalueofmoney.p.463www.mhhe.com/libby7e5.Reportcontingentliabilities.p.4656.Explaintheimportanceofworkingcapitalanditsimpactoncashflows.p.4677.Reportlong-termliabilities.p.4698.Computepresentvalues.p.4719.Applypresentvalueconceptstoliabilities.p.475li

3、b11021_ch09_454-503.indd45427/06/1010:40AMConfirmingPagesCHAPTERNINEREPORTINGANDINTERPRETINGLIABILITIESachweek,Starbucksservescustomersmorethan50milliontimes.Thecompany,foundedin1985,has16,680coffeehousesanddoesbusinessin49internationalmarkets.TheEmissi

4、onstatementforthecompanyis“toestablishStarbucksasthepremierpurveyorofthefinestcoffeesintheworld.”After16yearsofcontinuousgrowth,forthefirsttimethecompanyisexperiencingslowergrowth,storeclosures,andcostreductions.Despitechallenges,managementremainsconfid

5、entthattheStarbucksbrandisstrongandthatthecompanycanreturntogrowthbystayingtruetoitscorevalues.Toachieveitsgoals,Starbucksmustfocusonanumberofactivities.Theannualreportidentifiesseveralofthem:FOCUSCOMPANY:■Servethefinestcupofcoffeeintheworld.Starbucks■G

6、rowthecompanyonecustomeratatimebasedonexceptionalcus-MANAGINGFINANCINGACTIVITIEStomerservice.www.starbucks.com■Makesomeone’sdaywitharelax-ingin-storeexperienceincludingmusic,art,andhigh-speedwire-lessInternetaccess.Inadditiontotheseoperatingactivities,m

7、anagementmustfocusonanumberofcriti-calfinancingactivitiestoensurethatthecompanyremainsprofitableandisabletogener-atesufficientresourcestomaintainliquidityandeventuallyopennewcoffeehouses.ThefinancingactivitiesforStarbucksservetwoimportantpurposes.Theyge

8、neratefundsto(1)financethecurrentoperatingactivitiesofthebusinessand(2)acquirelong-termassetsthatwillpermitthecompanytogrowinthefuture.UNDERSTANDINGTHEBUSINESSBusinessesfinancetheacquisitionoftheirassetsfromtwoexternalsources:fun