Details about a company’s cash flows appear in a number of places in the annual report. Use Starbucks Corporation’s Fiscal 2013 Annual Report to answer the following questions. Visit http://www.pearsonhighered.com/Horngren to view a link to Starbucks Corporation’s Fiscal 2013 Annual Report.
1. Which method does Starbucks use to report net cash flows from operating activities? How can you tell?
2. Starbucks earned net income during 2013. Did operations provide cash or use cash during 2013? Give the amount. How did operating cash during 2013 compare with 2012?
3. For the year ended September 29, 2013, did Starbucks pay cash dividends? If so, how much?
4. For the year ended September 29, 2013, did Starbucks use cash to purchase property, plant, and equipment? If so, how much?