Please complete problem 5-3 a-c in the image below and using the 9/27/15 10-K fo

Question

Please complete problem 5-3 a-c in the image below and using the 9/27/15 10-K for Starbucks and 12/31/15 10-K for Whirlpool

Have a representative of each section put its income statement on the board. Discuss the each cost flow method has on assets (ending inventory), net income, and cash flows. W method is preferred for tax reporting? For financial reporting? What restrictions are placed on the use of LIFO for tax reporting? Class Discussion b. Analyzing two real-world companies' accounts receivable ATC 5-3 Research Assignment Using the most current annual reports or the Forms 10-K for Starbucks, the world's largest coffe houses, and Whirlpool, which manufactures appliances, complete the following requirements. T obtain the Forms 10-K, use either the EDGAR system following the instructions in Appendix A or companies' websites. The annual reports can be found on the companies' websites. Required a. For each company, compute accounts receivable as a percentage of revenue. Show your computations b. Which company appears to be making more of its sales on account? Explain your answer. c. Try to provide a logical explanation as to why one of these companies is making more of its sales on account than the other. ATC 5-4 Writing Assignment Cost of charge sales Paul Smith is opening a plumbing supply store in University City. He plans to sell plumbing parts a materials to both wholesale and retail customers. Since contractors (wholesale customers) prefer to buy parts and materials and pay at the end of the month, Paul expects he will have to offer charge counts. He plans to offer charge sales to the wholesale customers only and to require retail custo to pay with either cash or credit cards. Paul wondered what expenses his business would incur rela to the charge sales and the credit cards. Required a. What issues will Paul nead

Explanation / Answer

ANALYSIS BETWEEN WHIRL POOL AND STARBUCKS ON ACCOUNT RECEIVABLES

DATA USED FOR ANALYSIS IS 2016 ANNUAL REPORT

DATA COLLECTED FROM COMPANIES WEBSITE

ANALYSIS TABLE

CONCLUTION

1 compared to whirlpool starbucks receivables morevthan 2.5 times

2. starbucks mainly engaged in in FMCG sector it will create receivables than othersector

3. whilpool product is purchased randomly, starbucks product have good daily customers so company required to provied credit fecility to hold good customer relation

4.

NAME OF THE COMPANY WHIRL POOL ($) STARBUCKS ($) NET SALES (A) 20,718 21,315.9 ACCOUNT RECEIVABLES (B) 291 768.8 A&R ON SALES (%) C(B/A*100) 1.4 3.6

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