Show Me Your GBER
Calculating the Global Break Even Revenue
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General Assumptions: Growth = 10%; WACC = 15%; Variable Cost = 42%;
and Fixed Cost = $4238 (excluding depreciation expense)

Starbux (SBUX) Income Statement	11/3/10 Year	9/29/09 Year	Options Click on the correct answer	Calculations
Revenue	10707		4738   4379   4779   4238	Fixed Cost adjusted
Cost of Revenue	4458		4607   4893   5020   5306	NOIC
Gross Profit	6249		.03   .05   .10   .15	WACC
Operating Expenses	4238			Capital Charge
Depreciation Expense	541		.61   .66   .71   .76	(1-Tax %)
EBIT	1470			Added Fixed Cost
Interest Expense	33			Total Fixed Cost
EBT	1437		.32   .42   .58   .68	Contribution Margin %
Income Taxes	489			GBER
Net Income	1094		.32   .42   .58   .68	Variable Cost %
Balance Sheet	11/3/10	9/29/09		Contribution Margin $
Cash	1164	600		Fixed Cost
Short-term Investments	286	66		E.B.I.T.
Accounts Receivable	607	558	.61   .66   .71   .76	(1-Tax %)
Inventory	543	665		NOPAT
Other Current Assets	156	147		Capital Charge
Current Assets	2756	2036		Residual Income (EVA)
Fixed Assets	3630	3541
Total Assets	6386	5577
Accounts Payable	1365	1192
Other Current Liabilities	414	389
Current Liabilities	1779	1581
Long-term Debt	932	950
Total Liabilities	2711	2531
Stockholder's Equity	3675	3046
Total Liab & Equity	6386	5577

Copyright 2011 © Gaylen K. Bunker, All rights reserved