Details about a company’s liabilities appear in a number of places in the annual report. Visit http://www.pearsonhighered.com/Horngren to view a link to Starbucks Corporation’s Annual Report. Use Starbucks Corporation’s fiscal 2013 financial statements to answer the following questions.
1. Give the breakdown of Starbucks’s current liabilities at September 29, 2013.
2. Calculate Starbucks’s times-interest-earned ratio for the year ending September 30, 2012.