Comparison of Wendys International, Inc. and Starbucks Corporation Bas

equality of Wendys International, Inc. and Starbucks Corporation Based on FinancesWendys International, Inc., incorporated in 1969, is to begin with engaged in the business of operating, developing and franchising a system of quick-service and fast-casual restaurants. As of celestial latitude 28, 2003, there were 6,481 Wendys restaurants (Wendys) in operation in the unite States and in 21 other(a) countries and territories. Of these restaurants, 1,465 were operated by the phoner and 5,016 by its franchisees. As of December 28, 2003, the Company and its franchisees operated 2,527 Tim Hortons (Hortons) restaurants with 2,343 restaurants in Canada and 184 restaurants in the United States suffer money, 2004. Starbucks Corporation purchases and roasts whole noggin drinking chocolates and sells them. As of September 28, 2003 (fiscal year-end 2003), Starbucks operated a total of 4,546 retail stores. Starbucks sells coffee and tea products through other channels, and, through certain of its equity investees. The Company has two operating segments, United States and International, each of which include Company-operated retail stores and specialisation Operations. Starbucks opened 602 new Company-operated stores during fiscal 2003. As of fiscal year-end, Starbucks had 3,779 Company-operated stores in the United States, 373 in the United Kingdom, 316 in Canada, 40 in Australia and 38 in Thailand. Smart money, 2004In this financial analysis report, I will comp atomic number 18 and telephone line these two companies finance based on their annual report and cerebrate websites. There are four parts in this report. It includes Financial Ratios, WACC, operative Capital and Dividend policy. Part Compare and Contrast of the Financial RatiosProfitability RatiosThe Retails-Eating Places perseverance is a very competitive area for companies to survive. Both Starbucks and Wendys are excellent companies to earn a lot of profit in this industry. take back on gross revenue (ROS) Harrington (2004) said that this ratio indicates that what percentage of each dollar sign of revenue is available for the owners after all the expenses are paid to other suppliers. This ratio is related to net income and net sales which I tack together from the income statements of both Starbucks and Wendys in their annual reports. The return on sales is the key profitability ratio. This ratio tells the analyst what proportion of the revenues ... ...urchasing the companys own shares, getting new companies and profitable assets, and reinvesting in financial assets (McClure, 2004). BibliographyHarrington, D. (2004) Corporate Financial Analysis. seventh ed. Ohio, South-Western.Hoovers Company Records (2004) database Internet Available from http//ezproxy.mala.bc.ca2051/pqdweb?RQT=573&TS=1098648711&clientId=7024&LASTSRCHMODE=2 Accessed 18 Oct 2004Mergent Online (2004) database Internet Available from http//ezproxy.mala.bc.ca2129/compsearch.asp Accessed 12 Oct 2004Reuters websi te (2004) Investing Internet Available from Accessed 15 Oct 2004 Ross, S.A., Westerfield, R.W., Jaffe, J.F., & Roberts, G.S (2001) Corporate Finance. 3 th ed.Toronto, McGraw-Hill Ryerson.Seiler. M, (1996) contrary selection in capital budgeting decision making. Management Research News, 19(8), pp.61-67Smart Money website (2004) Internet Available from http//smartmoney.com/ Accessed 15 Oct 2004Wendys International, Inc. website (2004) Internet Available from Accessed 13 Oct 2004 chawbacon Finance website (2004) Internet Available from Accessed 12 Oct 2004