[Solved] financial forecasting

Assignment Prompt & Instructions

THERE ARE 3 TABS WITHIN THE TEMPLATE-ONLY NEED TO WORK ON THE FIRST 2 TABS
Read Chapter 4 in the _Foundations of Financial Management_ textbook.
Review the current financial statements of Starbucks through [_Yahoo! FinanceLinks to an external site._](https://finance.yahoo.com/) or the [_EDGAR | Company FilingsLinks to an external site._](https://www.sec.gov/edgar/searchedgar/companysearch.html) database in the Filings and Forms page. You can access the financial statements by going to the Yahoo! Finance webpage, typing in the stock symbol of Starbucks, and then clicking on the “Financials” tab.
ATTACHED-Review the [_Financial Forecasting Template_](https://content.bridgepointeducation.com/curriculum/file/252b27dd-74ca-4496-8fe5-cf7e533eef67/1/financial_forecasting_template.xlsx)
Reviewing the previous quarter’s financial statements will provide you with data to construct pro forma financial statements for Starbucks and make some basic projections. This week, your task will be to construct two pro forma financial statements and address some questions about your projections. The two financial statements will include an Income Statement and Balance Sheet.
ATTACHED-To begin your assignment, download the [_Financial Forecasting Template_](https://content.bridgepointeducation.com/curriculum/file/252b27dd-74ca-4496-8fe5-cf7e533eef67/1/financial_forecasting_template.xlsx)
Use the [_EDGAR | Company FilingsLinks to an external site._](https://www.sec.gov/edgar/searchedgar/companysearch.html) or [_Yahoo! FinanceLinks to an external site._](https://finance.yahoo.com/) database to download the last 10-Q from Starbucks into Excel.
In the Financial Forecasting project,
– Complete the Income Statement and Balance Sheet on the appropriate tabs in the _Financial Forecasting Template_, (THERE ARE 3 TABS WITHIN THE TEMPLATE-ONLY NEED TO WORK ON THE FIRST 2 TABS) using the downloaded data.
– Calculate the expenses to determine what will change and what will remain the same.
– Summarize your rationale, within each line item expense.
Assume that sales will increase for the next quarter by the same percentage increase from the previous quarter to the last reported quarter. For example, if sales increased 8% from the last quarter to the current reported quarter, you will use 8% as the sales increase for your pro formas.
**Note**: Not all costs are associated with the cost of sales. It will be up to you to determine which line items need to be increased and which ones need to be left alone. This will require you to distinguish between fixed and variable costs. For a reminder of the difference between fixed and variable costs, please review the _Business Costs (Fixed Costs and Variable Costs) Explained_ video.
HOME DEPOT EXAMPLE IS ALSO ATTACHED
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financial_forecasting_template.xlsx](https://www.sweetstudy.com/files/financial-forecasting-template-xlsx "financial_forecasting_template.xlsx")