1. Can a firm with positive net income run out of cash? Explain.
2. What can you learn from management’s discussion or the notes to the financial statements?
3. How did accounting fraud contribute to the collapse of Enron?
1. Find the most recent financial statements for Starbuck’s Corporation (ticker symbol: SBUX) using the following sources:
a. From the company’s webpage (Hint: Search for “investor relations”).
b. From the SEC website, www.sec.gov (Hint: Search for company filings in the EDGAR database).
c. From the Yahoo! Finance website,
d. From at least one other source (Hint: Enter “SBUX 10K” at
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