Coop Final Presentation Submitted By Abdullah Saud Alshammari 201205410 Outlines Introduction Al-Fekra Al-Tasmemia Office Training goals Tasks Training experiences Training problems Recommendations Conclusion Introduction The main purpose of this final presentation is to show the activities I performed during the period of my training program at Al-Fekra Al-Tasmemia Office. I have trained for four months in the sites of the company to supervise the Arch works. Al-Fekra Al-Tasmemia Office The vision is to be recognized as an international company in the field of construction in the Kingdom of Saudi Arabia and in the world. Also, the company wants to take more and more projects to increase its income. The mission is to pursue the most safe and efficient methods and to economically meet our share of the Kingdom's market demands for building and construction. Training Goals Introducing practical materials to students in the field of study. Harnessing the experiences of students. Give examples Helping students to complete their graduation requirements. Enabling students to discover mistakes and correcting them. Explan how Increasing the knowledge of students in Arch works. Give examples Safety Tools Helmet Yellow Jacket Safety Shose Making Sketches AutoCAD Computer Program Single-Line Diagram (Schematic) Villa Design Ground Floor Design First Floor Design Leveling Works Department of Projects Plumbing works Department of Projects Waterproofing works Department of Projects Electrical Works Department of Projects Windows Doors Department of Projects Building Block Insulation Between Block Department of Projects Granite Works in the Facade Granite Works in the bathroom Training Experiences Knowing how to make different designs on the AutoCAD program. Learning the mistakes that engineers can do and avoiding them in the design of buildings. I need an examples here Learning the importance of sketches for designing areas. I need an examples here Identifying the different measurements on the diagrams of buildings. Linking the theories of Arch engineering with practical training in the company sites. Knowing how to achieve the plan of work and the instructions of the diagram. Training Problems I want you to lest the problems that can be happened to archcteuer engineering during the training Recommendations I need like 5 pointe of recommendations based on the Training Problems and Training Experiences Conclusion It was a great chance to apply my academic study in real work situations. Any question Thank you for help Finance Report – SBUX v. DNKN Group One Executive Summary: The Starbucks Corporation (SBUX) is a retailer of specialty coffee that is presently operating in 62 countries across the globe. Its stores sell premium coffee, tea, other beverag.

1. Coop Final Presentation
Submitted By
Abdullah Saud Alshammari
201205410
Outlines
Introduction
Al-Fekra Al-Tasmemia Office
Training goals
Tasks
Training experiences
Training problems
Recommendations
Conclusion
Introduction
The main purpose of this final presentation is to show the
activities I performed during the period of my training program
at Al-Fekra Al-Tasmemia Office.
I have trained for four months in the sites of the company to
supervise the Arch works.
Al-Fekra Al-Tasmemia Office
The vision is to be recognized as an international company in
the field of construction in the Kingdom of Saudi Arabia and in
the world. Also, the company wants to take more and more
projects to increase its income.
The mission is to pursue the most safe and efficient methods

2. and to economically meet our share of the Kingdom's market
demands for building and construction.
Training Goals
Introducing practical materials to students in the field of study.
Harnessing the experiences of students. Give examples
Helping students to complete their graduation requirements.
Enabling students to discover mistakes and correcting them.
Explan how
Increasing the knowledge of students in Arch works. Give
examples
Safety Tools
Helmet
Yellow Jacket
Safety Shose
Making Sketches
AutoCAD Computer Program
Single-Line Diagram (Schematic)

3. Villa Design
Ground Floor Design
First Floor Design
Leveling Works
Department of Projects
Plumbing works
Department of Projects
Waterproofing works

4. Department of Projects
Electrical Works
Department of Projects
Windows
Doors
Department of Projects
Building Block
Insulation Between Block

5. Department of Projects
Granite Works in the Facade
Granite Works in the bathroom
Training Experiences
Knowing how to make different designs on the AutoCAD
program.
Learning the mistakes that engineers can do and avoiding them
in the design of buildings. I need an examples here
Learning the importance of sketches for designing areas. I need
an examples here
Identifying the different measurements on the diagrams of
buildings.
Linking the theories of Arch engineering with practical training
in the company sites.
Knowing how to achieve the plan of work and the instructions
of the diagram.
Training Problems
I want you to lest the problems that can be happened to
archcteuer engineering during the training

6. Recommendations
I need like 5 pointe of recommendations based on the Training
Problems and Training Experiences
Conclusion
It was a great chance to apply my academic study in real work
situations.
Any question
Thank you for help
Finance Report – SBUX v. DNKN
Group One
Executive Summary:
The Starbucks Corporation (SBUX) is a retailer of
specialty coffee that is presently operating in 62 countries
across the globe. Its stores sell premium coffee, tea, other
beverages, and a variety of food products (Orr, 2013).
Dunkin’ Brands Group Inc. (DNKN) is a quick service
restaurant that serves hot and cold coffee, various baked goods,
other food items, as well as, ice cream. The company franchises
restaurants under its Dunkin’ Donuts and Baskin-Robbins
brands. The company has over 17,400 points of distribution in
55 countries (Zacks, 2015).
The focus of this paper will be to present background
information for Starbucks and Dunkin’ Brands. This
background information will consist of: conducting a financial
analysis of each company, comparing the results, and providing
a recommendation on which stock to purchase. The research and
analysis will look at a three year history and examine each
company’s balance sheets, income statements, cash flow

7. statements, and certain financial ratios.
Known as the “Coffee Giant,” Starbucks has shown impressive
growth and the next few pages of this report will clearly covey
how Starbucks, which owns a little more than half of its
establishments, continues to remain on top.
Introduction-Starbucks Corporation
The Starbucks Corporation started out as a wholesaler of
premium coffee to local restaurants and supermarkets in Seattle,
Washington. The company went through some changes before it
became the brand that it is today. Everyone across the globe is
familiar with the Starbucks’ logo. Starbucks was established by
Gordon Bowker, Jerry Baldwin, and Zev Siegl in 1971. They
all contributed $1,350 a piece and borrowed $5,000. In 1982,
the team hired Howard Schultz as their retail and marketing
manager.
Starbucks acquired Peet’s Coffee in 1983 and two years
later Mr. Howard left the company to open up his own coffee
bar called Il Giornale. After a trip to Italy, Mr. Howard
believed it would be more beneficial to sell directly to the
consumer via a coffee bar, instead of selling the product within
the wholesale market. Mr. Howard’s idea was very successful,
and in 1987 he purchased all of Starbucks units for $4M; there
were six in total. He then merged them into Il Giornale,
renamed his company Starbucks Corporation, and starts
expanding nationally.
In 1992, the Starbucks Corporation (SBUX) went public.
Currently, the company has more than 10,700 coffee shops and
kiosks in the United States. Internationally, Starbucks is
currently operating in 62 other countries consisting of 10,600
coffee shops and kiosks; Japan, Canada, the United Kingdom,
China, Australia, and Germany, just to name a few. At the turn
of the century, Starbucks Corporation’s net earnings increased

8. more than fivefold, from $94.6M to $494.5M. The company
saw revenue spikes from $2.17B to $5.39B between 2000 and
2005 (referenceforbusiness.com). In 2005, the company
celebrated its 10,000th store opening.
The Starbucks Corporation is considered a “Specialty
Eatery,” which is a type of Quick Service Restaurant. QSRs
include companies such as: McDonalds, Burger King, Dunkin
Donuts, and etc. Dunkin’ Brands Group, Inc. is one of
Starbucks main competitors. These companies operate under
the conditions of monopolistic competition. A monopolistic
competition is a market structure with many companies selling
differentiated products (Sexton, 1999).
At the surface, Starbucks and Dunkin’ sell some of the same
products. However, each company has an element of monopoly
power, because of its unique atmosphere, location, building
structure, quality of products and services, and personnel
training. When broken down into those terms, the two
companies are different, yet they are the same. It is the
differentiating qualities that make them a monopoly, but it is
the fact that they are targeting the same types of consumers that
makes them competitors.
The following tables display a portion of SBUX’s financial
statements used to compare with industry standards and DNKN.
Financial Statements and Analysis-SBUX
Income Statement
28 September 2014
29 September 2013
30 September 2012
Revenue

9. 16.4B
14.9B
13.3B
Gross Profit
9.6M
8.5M
7.5M
Operations Income
3.1M
(325M)
1.8M
Net Income
2.1B
8.3M
1.4B
Earnings Per Share
Diluted
1.36
0.00
0.90
EBITDA
4M
454M
2.7M
(finance.yahoo.com) (financials.morningstar.com)
Balance Sheet
28 September 2014
29 September 2013
30 September 2012
Total Current Assets

10. 4.2B
5.5B
4.2B
Total Assets
10.9B
11.5B
8.2B
Total Current Liabilities
3B
5.4B
2.2B
Total Liabilities
5.5B
7B
3.1B
Retained Earnings
5.2B
4.1B
5B
Total S. E.
4.1B
3.3B
5.1B
(finance.yahoo.com)
Cash Flow Statement
Cash Flow From:
28 September 2014
29 September 2013
30 September 2012
Operating Activities
608M
2.9B
1.8B
Investing Activities

11. 818M
1.4B
974M
Capital Expenditures
(1.2B)
(1.2B)
(856M)
Financing Activities
623M
108M
746M
Free Cash Flow
(553M)
1.8M
894M
(finance.yahoo.com)
Financial Statement Analysis
The tables above show the income statement, balance sheet, and
cash flows for the Starbucks Corporation over the past three
years. The company had an estimated increase of $3.2B in
revenues from 2012 to 2014. Sales growth was about 12% from
2012 to 2013, and 11% from 2013-2014. SBUX reported the
following profit margins: Gross – 58.3% (2014), 57.1% (2013),
and 56.3% (2012). The company’s operating profit margins
were reported as 18.7% (2014), -2.2% (2013), and 15% (2012).
The net profit margin for SBUX rose from 11.2% to 12.4%;
2013 and 2014, respectively and the industry average is 7.1%.
Managers use this ratio to understand how profitable the
company is. The ratio represents the amount of each dollar of
sales that the company has left after all its expenses have been
paid.
SBUX-Financial Ratios

12. Financial Ratios
Ratios
2014
2013
2012
Current
1.4
1.01
2
Quick
1.07
0.63
1.27
ROE
42.41
0.17
29.15
Financial Ratio Analysis
The current ratio average for specialty eateries is 1.3%, and
SBUX’s percentages have stayed relatively close to this
average. This ratio shows that Starbucks’ liabilities do not
outweigh its assets, and it is probably safe to say that the
company utilizes its current assets and/or manages its working
capital efficiently. Starbucks’ quick ratio for 2014 was 1.07%
or 1.1% (rounded), which is only 0.1% more than the industry
average of 1%. Given this fact, the Starbucks’ Corporation has
a high liquidity.
The company’s ROE fluctuated a bit from 29.15% in 2012 to
0.17% in 2013, and back up to 42.41% in 2014. That is 29.98%
decrease between 2012 and 2013, and a 42.24% increase
between 2013 and 2014. When comparing Starbucks’ ROE with
the industry average of 30%: it met this average in 2012, made

13. a drastic drop in 2013, and rose beyond the average in 2014.
This ratio conveys to shareholders whether or not the company
is effectively and efficiently utilizing its equity base to yield
high returns for investors. It essentially lets investors know
how much they have earned from their investments into the
company.
Currently, the price-to-earnings ratio for specialty eateries
is at 38.3%. This ratio for SBUX is presently at 31.42%, which
means its stocks are 6.88% less than the average. This is not
necessarily a bad or a good sign for interested investors. It tells
whether a stock is over or under valued. However, it should not
be the only valuation measure an investor looks at when
deciding to invest or not.
Introduction-Dunkin’ Brands Inc.
Dunkin’ Donuts, (DNKN) was founded in 1955 by Bill
Rosenberg in Quincy, Massachusetts. The company is a
subsidiary of Dunkin’ Brands, Inc. and their headquarters is
currently located in Canton, Massachusetts. The company
licensed its first franchise in 1955. According to Dunkin’
Donut’s website, they claim to be the world’s leading baked
goods and coffee chain, servicing over 3 million customers each
day, and with more than 11,300 restaurants worldwide.
Rosenberg referred to the Dunkin’ Donut’s mission statement as
a philosophy, “Make and serve the freshest, most delicious
coffee and donuts quickly and courteously in modern, well-
merchandised stores” (Farfan.2015).
Dunkin’ Brands Group, Inc is the parent company of Dunkin’
Donuts and Baskin-Robins; which are 100% franchised. It
became a publically traded company on July 27, 2011 and began
trading at $19 per share. In 2014, DNKN reported
disappointing sales. One investor stated, “I was confused by
DNKN’s weak results and even more confused by its excuses.
While competitors like Starbucks (NASDAQ: SBUX), Krispy
Kreme Doughnuts (NYSE:KKD), and Tim Hortons (THI)

14. seemed to be doing just fine, and in fact better than fine, DNKN
seems to be struggling to find people to buy morning coffee and
donuts as compared to expectation” (The Specialist.2014).
A snapshot of DNKN financial statements, (Income Statement,
Balance Sheet and Cash Flow Statement) is displayed below.
Financial Statements-DNKN
2014-12
2013-12
2012-12
Income Statement
Revenue
749
714
658
Operating Income
339
305
239
Net Income
176
147
108
Earnings Per Share
1.65
1.36
0.93
Diluted Average Shares
107
108
117
Balance Sheet
Current Assets
443

15. 462
420
Non Current Assets
2,735
2,773
2,798
Total Assets
3,177
3,235
3,218
Current Liabilities
356
344
354
Total Liabilities
2,809
2,827
2,871
Stockholders' Equity
368
407
347
Cash Flow
Cash From Operations
199
142
154
Capital Expenditures
-24
-31
-22
Free Cash Flow
176
111
132

16. (financials.morningstar.com)
Financial Ratio Analysis-DNKN
Dunkin’ Donuts reports a net income of $176M
(morningstar.com). An investor uses the net income to
determine how much money a company makes annually. In
order to know what assets DNKN can turn into cash, the current
ratio is analyzed. DNKN reports their past current ratio for the
past three years as followed: 2012-1.19%, 2013-1.34%, and
2014-1.25%, (morningstar.com).
DNKN’s liquidity ratio can also be measured by
calculating a quick ratio. A quick ratio is determined by
subtracting DNKN’s inventories and prepaid expenses from
their total current assets, and then dividing this amount by its
total current liabilities. This is done, because inventories are
the least liquid. Their quick ratio reports for the past three
years are as followed: 2012: 0.86%, 2013-0.98%, and 2014-
0.88%. Investors realize that even though a high percentage
shows that DNKN can pay their short-term lenders, it also
shows that less money is being used for investment
opportunities.
Investors also research profitability. The profitability of a
company illustrates the present value of anticipated profits in
the future. One profitability ratio is the return on equity (ROE),
which shows the profits after taxes divided by the book value.
The ROE for the past three years are as followed: 2012-32.55%,
2013-19.83%, and 2014-38.97%, (morningstar.com).
Lastly, the Price-to-earnings Ratio, (P/E) is considered a
valuable ratio that investors use to determine if the stock is over
or under priced. DNKN reports a three year average of 72.76%,
(morningstar.com). Please reference the following tables to see
stock prices for Starbucks and Dunkin’ Brands.
Market Data and Analysis
Stock Performance-SBUX
Stock Performances

17. (Beginning, Mid, and End of Year)
Closing Prices
(2014)
Company
02 Jan
02 Jun
31 Dec
SBUX
$77.17
$78.19
$82.05
(2013)
Company
02 Jan
03 Jun
31 Dec
SBUX
$55.00
$63.46
$78.39
(2012)
Company
02 Jan

18. 01 Jun
31 Dec
SBUX
$45.29
$52.15
$53.63
(finance.yahoo.com)
Stock Performance-DNKN
Stock Performances
(Beginning, Mid, and End of Year)
Closing Prices
(2014)
Company
02 Jan
02 Jun
31 Dec
DNKN
$47.58
$45.97
$42.65
(2013)
Company
02 Jan

19. 02Jun
31 Dec
DNKN
$33.46
$39.60
$48.20
(2012)
Company
03 Jan
02 Jun
31 Dec
DNKN
$24.74
$31.28
$33.18
(finance.yahoo.com)
Market Analysis
The Starbucks Corporation stock prices have been on a
constant rise over the past three years. The price per share
increased a total of $22.42 from December 2012 to December
2014. Dunkin’ Brands Group Inc. had a similar experience
during 2012 to 2013, but the shares started to drop in price
between the end of 2013 and the beginning of the next year; it

20. dropped by $0.62. Throughout the year, the price fluctuated,
but ultimately ended the 2014 year with a $4.93 decrease from
what it started with at the beginning of that same year; from
$47.58 down to $42.65.
Cash Flow per Share
(mergentonline.com-umuc)
Book Value per Share
(mergentonline.com-umuc).
For 2014, Starbucks (SBUX) had a cash flow per share
percentage of 0.4%, but a 3.52% book value per share. DNKN
had the same book value per share as SBUX in 2014. However,
DNKN’s cash flow per share percentage was 1.9%; which 1.5%
higher than SBUX. Currently, the beta value for SBUX is 0.87
and DNKN is 0.45. Both of these numbers are a little below
1.0, which means purchasing shares from either company will
pose little risk. However, investors may experience low
returns.
Comparison Analysis-SBUX & DNKN
Dunkin Donuts represents a more profitable company with
operating margins hovering between 33% and 43% over the past
five years versus 5% and 15% for Starbucks. Why is this?
Dunkin brands is nearly a100% franchised company when
compared to the 50% of ownership that Starbucks has. This
means Dunkin’ Brands franchises foot most of the overhead for
the company. However, it also means lower revenues for the

21. company as a whole, but with a higher percentage of the profit.
With Starbucks owning about 50% of the company’s
locations, it still needs to foot part of the overhead leaving a
lower percentage of revenue leftover for itself and shareholders
(Bias, 2015). Investors should look for companies with low
long-term debt as a percentage of equity. Long-term debt
creates interest which chokes out profitability and cash flow.
Dunkin’ Brands has far more debt than the industry average,
whereas Starbucks has a relatively clean balance sheet. Please
reference the charts below. SBUX did not report any interest
coverage. DNKN reported its interest ratio to be 4.78 in 2014,
3.59 in 2013, and 2.95 for 2012. This shows that DNKN is able
to pay it interest obligations via operating earnings.
The debt-to-equity ratio for Dunkin’ Brands hovered
between 4% and 5%. In comparison, Starbucks’ D/E ratio has
been consistently at 0.39%, 0.29% and 0.11% for the past three
years. The normal range is about 1.5. What this means is that
Dunkin’ Brands may be financed more by creditors than from its
own financial resources. While SBUX may not have this
problem, the percentage is still relatively low. In some cases, a
low D/E can convey to investors that the company is not taking
full advantage of the profits generated from this leverage.
Although, SBUX’s debt-to-equity ratio is lower than 1.5, the
company is doing a great job of utilizing its leverage to go
towards more expansion projects and product lines.
Debt Management-DNKN
(mergentonline.com-umuc)
Debt Management-SBUX
(mergentonline.com-umuc).
Over the last year of market action, Starbucks shares have
climbed more than 13.7%. Dunkin’ Brands stock has also done
well, rising nearly 10% in the same period. Due to the
introduction of new products in 2015, Dunkin’ Brands has
soared more than 10%; with Starbucks’ at an 8.5% rise (Yates,

22. 2015).
The safer investment lies with Starbucks due to lower debt and
better interest coverage. What is the point of possessing better
operating margins when most of it goes toward paying interest?
Dunkin’ Brands is attempting to pay off more of its debt and if
its locations continue to boost profitability, then it may become
a better deal.
Conclusion and Recommendation
In this paper, research and data analysis of Dunkin’ Brands
and Starbucks was conducted in order to provide a comparison
of the last three years of financial history. Dunkin’ Brands now
has nearly 11,000 restaurants in 33 countries (about 7,000 in the
U.S.), with sales of over $9B. Starbucks has over 10,000 stores
in 60 countries and a net income of an estimated $2B in 2014.
Since Dunkin’ Brands is primarily a Northeast company and
Starbucks being from the Northwest, both companies are
expanding across the US in opposite directions. Between them,
the two companies own around 60% of the country's coffee
market—with Starbucks controlling an estimated 36% and
Dunkin’ Brands roughly about 24%. DNKN reported that it
sold 1.8 billion cups of coffee and Starbucks reported it sells
approximately 4 billion cups of coffee annually (BostonGlobe,
2015).
Dunkin’ Donuts has been in operation for sixty years and is
currently under the ownership of Dunkin’ Brands Group Inc.,
which also owns Baskin-Robins ice cream stores. The company
is 100% franchised and became publically traded in 2011 at $19
per share. Dunkin' Brands recently reported a net income of
$1.76 million and their current past ratio of 1.25%, quick ratio
of 0.88%, profitability ratio of 38.97%, and price-to-earnings
ratio of 72.76% in 2014 (morning star.com, 2015).
Starbucks has been in operation for 32 years and went public in
1992. The company has seen a steady incline of profits. From
2012 to 2014, the company had an increase in revenue of $3.2
billion, 2% sales growth, 3.7% operating profit margin, net

23. profit margin increase of 1.3%, current ratio of 1.1%, its ROE
increased 42.24% between 2013 and 2014, and price-to-earnings
ratio was 31.42%. Stock prices have increased $28.42 per share
in the past three years
Both companies are looking to expand globally. In the 2015
second quarter report, Dunkin Donuts opened 93 locations
throughout the world. According to Schlossberg, “Dunkin'
Brands CEO Nigel Travis wants 200 Dunkin' Donuts in
California in the next five years. Travis also plans to re-launch
Dunkin' Donuts in Brazil, where the company closed its doors a
decade ago. He plans to have 100 shops there by 2020.
Additionally, he is aiming to expand across the United
Kingdom, with 144 new stores set to open (businessinsider.com,
2015). "Starbucks' 2015 fiscal targets are: 1,650 new stores,
with 600 in the US, 850 in China/Asia, and 200 throughout
Europe” (businessinsider.com).
Overall, both companies are well-built and financially sound.
They have unremitting growth strategies, and are leaders in the
specialty eateries industry. Both companies are opening a new
window towards a better future for their customers, and also as
a company. Dunkin' Brands has effectively utilized customer
information to determine the market trend and new ways to
grow their company. Starbucks is currently leading the market
as American's fast coffee and continues to grow. In order for
both companies to stay on top, they need to maintain their
innovative skills and continue to offer new differentiated
products, and continue to implement new investment
opportunities. So, which company is better? I do not think this
debate will ever be over since both companies have a loyal
customer base.

24. References
Bias, William. (2015). Dunkin brands vs. starbucks: are they
that similar? 16 Jul 2014.
Retrieved from:
http://www.fool.com/investing/general/2014/07/16/dunkin-
brands-vs-
starbucks-are-they-really-that-si.aspx.
Carroll, Matt and Chang, Alvin. (2015). Split country:
dunkin’ vs. starbucks. Boston Globe.
Retrieved from:
http://www.boston.com/yourtown/specials/starbucks_vs_dunkin
_donuts/.
CNBC. (2015). The right way to invest in starbucks.
Retrieved from:
http://www.cnbc.com/2015/02/18/the-right-way-to-invest-in-
starbucks.html.
Farfan,Barbara. (2015). Company Mission Statements-Complete
List of World’s Largest Retail
Mission.

25. www.retailindustry.about.come/od/retailbestpractices/ig/Compa
ny-Mission-Statements/Dunkin--Donuts-Mission-Statement.htm.
Growth, Profitability, and Financial Ratios for Starbucks Corp
(SBUX) from Morningstar.com. (n.d.). Retrieved from
http://financials.morningstar.com/ratios/r.html?t=SBUX®i
on=usa&culture=en-US.
MorningStar. (2015). Dunkin’ Brands Group INC.
www.morningstar.com.
NASDAQ. (2015). 3 reason starbucks stock is a hot buy in
2015. Retrieved from:
http://www.nasdaq.com/article/3-reasons-starbucks-stock-is-a-
hot-buy-in-2015-cm444245.
Orr, H. (2013). SBUX-Starbucks Corp-Company Analysis and
ASR Ranking Report. Alpha Street Research Reports, 1-9.
(n.d.). Retrieved from
http://www.mergentonline.com.ezproxy.umuc.edu/companyfinan
cials.php?pagetype=ratios&compnumber=73271.
(n.d.). Retrieved from
http://www.mergentonline.com.ezproxy.umuc.edu/companyfinan
cials.php?pagetype=ratios&compnumber=132490.
SBUX Balance Sheet | Starbucks Corporation Stock - Yahoo!
Finance. (n.d.). Retrieved from
http://finance.yahoo.com/q/bs;_ylt=AwrC1C7t0glWcA0ASQmT
mYlQ;_ylu=X3oDMTByMjB0aG5zBGNvbG8DYmYxBHBvcwM
xBHZ0aWQDBHNlYwNzYw--
?s=SBUX+Balance+Sheet&annual.
SBUX Cash Flow | Starbucks Corporation Stock - Yahoo!
Finance. (n.d.). Retrieved from
http://finance.yahoo.com/q/cf?s=SBUX+Cash+Flow&annual.
SBUX Competitors | Starbucks Corporation Stock - Yahoo!
Finance. (n.d.). Retrieved from
http://finance.yahoo.com/q/co?s=SBUX+Competitors.
SBUX Income Statement | Starbucks Corporation Stock -
Yahoo! Finance. (n.d.). Retrieved from
http://finance.yahoo.com/q/is?s=SBUX+Income+Statement&ann
ual.

26. SBUX Key Statistics | Starbucks Corporation Stock - Yahoo!
Finance. (n.d.). Retrieved from
http://finance.yahoo.com/q/ks?s=SBUX+Key+Statistics.
Schlossberg, Mallory. (2014). Dunkin’ donuts is plotting a
huge expansion. Business Insider.
30 Dec 2014. Retrieved from:
http://www.businessinsider.com/dunkin-donuts-is-expanding-
like-crazy-2014-12.
Sexton, R. L. (2016). Exploring economics (7th ed.). Retrieved
from
https://books.google.com/books?id=YDdBBAAAQBAJ&pg=PA
393&lpg=PA393&dq=are+starbucks+and+dunkin+donuts+consi
dered+monopolistic+competitors&source=bl&ots=ZMWgKKXH
9i&sig=zRZk1UcVrVIYubdvrqHuvWay99U&hl=en&sa=X&ved
=0CDEQ6AEwA2oVChMI3ICfm46ayAIVwjU-
Ch2BRwQR#v=onepage&q=are%20starbucks%20and%20dunkin
%20donuts%20considered%20monopolistic%20competitors&f=f
alse.
Starbucks Corporation - Company Profile, Information,
Business Description, History, Background
Information on Starbucks Corporation. (n.d.). Retrieved
from
http://www.referenceforbusiness.com/history2/54/Starbucks-
Corporation.html.
Starbucks (SBUX) or Dunkin Brands (DNKN):Which Is he
Better Stock?(n.d.). Retrieved
September 20, 2015.
Starbucks Corporation SWOT Analysis. (2014). Starbucks
Corporation SWOT Analysis,1-12
The Specialist. (December 21, 2014). Update: Dunkin’ Donuts
Latest Outlook Raises An
Eyebrow Even Higher.
www.seekingalpha.com/article/2770895-update-dunkin-donuts-
latest-outlook-raises-an-eyebrow-even-higher.

27. The Specialist. (December 21, 2014). Update: Dunkin’ Donuts
Latest Outlook Raises An
Eyebrow Even Higher.
www.seekingalpha.com/article/2770895-update-dunkin-donuts-
latest-outlook-raises-an-eyebrow-even-higher.
2014 SBUX DNKN 3.52 3.52 2013 SBUX DNKN
2.97 3.82 2012 SBUX DNKN 3.41 3.27 2014 LT D/E
Total D/E Int. Cov. 4.9300000000000006
4.9400000000000004 4.78 2013 LT D/E Total D/E
Int. Cov. 4.4800000000000004 4.49 3.59 2012 LT D/E
Total D/E Int. Cov. 5.28 5.3599999999999977 2.95
2014 LT D/E Total D/E Int. Cov. 0.39 0.39 0 2013
LT D/E Total D/E Int. Cov. 0.28999999999999998
0.28999999999999998 0 2012 LT D/E Total D/E
Int. Cov. 0.11 0.11 0 2014 SBUX DNKN 0.4
1.9 2013 SBUX DNKN 1.95 1.34 2015 SBUX
DNKN 1.159999999999999 1.35
15