My favorite place Essay

My favorite place is Starbucks. So I volition choose that to be the association I will write nearly for this assignment. Starbucks Corpo proportionalityn has been able to grow revenues from $11.7B to $13.3B. Most impressively, the company has been able to disregard the percentage of sales devoted to selling, general and administrative costs from 37.08% to 35.38%. This was a driver that led to a bottom line growth from $1.2B to $1.4B. The tending(p) statistics for this piece are as follows. During 2012 Starbucks maintained a current ratio of 1.9x. In 2012, their quick ratio was 1.1x. Their debt ratio in 2012 is 10.7x, derived from total assets in 2012 of 4,199.6 with total debt being 3,104.7.I would make the assessment that Starbucks is financially sound. Their give the sack income for 2012 was 3,104.7 whereas it was 1,245.7 in 2011. This is a remarkable incline. This rise is do to the economy rising. This companys debt to total capital ratio, at 9.70%, is in-line with the Hotel s, Restaurants and Leisure industrys norm. Additionally, there are enough liquid assets to satisfy current obligations. Accounts due are typical for the industry, with 11.94 geezerhood worth of sales outstanding. Last, Starbucks Corporation is among the nigh efficient in its industry at managing inventories. The company only has 69.11 days of its Cost of Goods Sold tied up in inventory, although the Inventory touch Period has been grown consistently over the last 4 years.