FinalEassyACC111CCushing.docx - Cynthia Cushing ACC111...

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Cynthia Cushing ACC111 Final Essay GREEN MOUNTAIN COFFEE ROASTERS, INC. FINANCIAL ANALYSIS AND INTERPRETATION Determine the working capital and current ratios for 2009, 2010, and 2011 for the Green Mountain Coffee Roasters, Inc. based on the information contained in the consolidated balance sheets on Appendix A. Did Green Mountain’s working capital and current ratio increase or decrease from 2009 to 2011? Assets Sept. 24, Sept. 24, Sept. 26, 2011 2010 2009 Current assets: Cash and cash equivalents $12,989 $4,401 $241,811 Restricted cash and cash equivalents 27,523 355 280 Short-term investments -- -- 50,000 Receivables 310,321 172,200 91,559 Inventories 672,248 262,478 137,294 Income taxes receivable 18,258 5,350 Other current assets 28,072 23,488 6,706 Current assets held for sale 25,885 -- -- Deferred income taxes, net 36,231 26,997 10,151 Total Current Assets 1,131,527 495,269 537,801 Liabilities Current liabilities: Current portion of long-term debt $6,669 $19,009 $5,030 Accounts payable 265,511 139,220 76,961 Accrued compensation costs 43,260 24,236 17,264 Accrued expenses 92,120 49,279 18,570 Income tax payable 9,617 1,934 2,971 Deferred income taxes, net 243 -- -- Current liabilities related to assets for sale 19,341 -- -- Other current liabilities 34,613 4,377

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