Financial intelligence- Income statements
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IntroductionThe income for any firm is usually generated through the sale of goods and services. In most of the case, they are usually recorded in terms of revenue in the income statement. The income statement of the Starbucks shows the sales that the firm has been able to record in the two years. Starbucks like other businesses is in operation so that it can gain profits that are then transferred to the respective shareholders according to the proportion in which they have contributed their capital in the firm. The capital is the amount of the money that is used to start a business as well as to acquire pieces of machinery that will propel the firm into production hence realizing its goals of achieving recorded profits. In the course of production, Starbucks usually incurs various expense...
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