Question

On October 2, 2011, Starbucks Corporation reported, on its Form 10-K, the following (in millions):

2011 2010
Total expenses before taxes $10,452.40 $9,759.10
Operating income 1,728.50 1,419.40
Net earnings 1,248.00 948.30

What amount of revenues did Starbucks report for the year ending October 2, 2011?

Answer 1

$12,180.9

Step-by-step explanation:

Data provided in the question:

2011 2010

Total expenses before taxes $10,452.40 $9,759.10

Operating income $1,728.50 $1,419.40

Net earnings $1,248.00 $948.30

Now,

Revenue = Operating income + Total expenses before taxes

Therefore,

The amount of revenues Starbucks should report for the year ending October 2, 2011

= $10,452.40 + $1,728.50

= $12,180.9