Starbucks is the place where people go to find some of the world’s best coffees (Starbucks Corporation, 2012). Today there are more than 15,500 Starbucks locations in more than 43 countries it seems as if there is one on every corner in downtown Seattle. (Starbucks Corporation, 2012). However, back in 1971 the only place one could go to grab a cup of some Starbucks joe, was at Seattle’s historic Pike Place Market (Starbucks Corporation, 2012). The Starbucks mission states they inspire and nurture the human spirit – one person, one cup, and one neighborhood at a time (Starbucks Corporation, 2012).
Their coffee is always about the quality and always will be. The employees have full health benefits offered to them (Starbucks Corporation, 2012). Included in this paper are the company’s financial statements and view the assets, revenue, expenses and liabilities of the Starbucks Company.

What are the company’s total assets at the end of its most recent annual reporting period? Why is it important?

The total amount of assets for Starbucks at the end of October 2, 2011 was $7360.4. This amount is per millions (Starbucks Corporation, 2012).

Assets, be it either tangible or intangible are of added value to the business (Crown, 2011). Assets are important to the business because they are the resources owned (Crown, 2011). They help the company secure loans whenever they need them. Companies protect their assets to help reduce risk to them (Crown, 2011).

Maintaining tangible assets, such as production keeping machinery in working order can aid in protecting the business from safety and health risks, ineffectiveness, and lose in production (Crown, 2011). Companies also take care of their intangible assets, like their brand name or trade secrets; this helps to protect the business from risks such as competitors taking their ideas (Crown,