Homework Answers
Liquidity Ratio :
Liquidity ratio is used to find if the company can repay its short term debt, a current ratio above 1 is generally considered as having a good liquidity ratio
1. Current Ratio : Current Asset / Current Liability = 17317/17495 = 0.98
Efficiency Ratio: Efficiency ratio is used to determine how well the company is utilizing its asset
1. Asset Turnover Ratio:
= Net sales / total asset
= 126172/36347 = 3.47
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Find ratio analysis for liquidity and efficiency COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions,...
COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) September...
COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) September 2, September 3, 2017 2018 $ ASSETS CURRENT ASSETS Cash and cash equivalents .... Short-term investments .... Receivables, net. Merchandise inventories ..... Other current assets ...... Total current assets .... PROPERTY AND EQUIPMENT 6.055 1,204 1,669 11.040 321 20.289 4,546 1,233 1.432 9.834 272 17,317 Land Buildings and improvements. Equipment and futures Construction in progress 6,193 16.107 7.274 1.140 30.714 (11.033) 19,681 5,690 15,127...
Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of...
Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 78 65 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense (133) (124) (113)...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Costco Wholesale Corporation Consolidated Statements of Earnings Consolidated Balance Sheets For Fiscal Years Ended (5 millions) September 2, 2018 (5 millions, except par value and share data) September 2, 2018 September 3, 2017 Total revenue $141,576 Current assets Operating expenses Cash and cash equivalents $6,055 $4,546 Merchandise costs 123,152 Short-term investments 1,204 1,233 Selling general and administrative 13,876 Receivables, net...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses Operating Income 4,480 Other income (expense) Interest expense Interest income and other, net (121) Income before income taxes 4,442 Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended (5 millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other Income (expense) Interest expense 159 Interest income and other, net (121) Income before income taxes Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income attributable...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense...
Question 1: Basic Income Statement Information COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions,...
Question 1: Basic Income Statement Information
COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 3,672 (134) 52 Weeks Ended 53 Weeks Ended 52 Weeks Ended September 2, September 3, August 28, 2018 2017 2016 REVENUE Net sales 138,434 $ 126,172 $ 116,073 Membership fees..... 3,142 2,853 2,646 Total revenue ....... 141,576 129,025 118,719 OPERATING EXPENSES Merchandise costs 123,152 111,882 102,901 Selling, general and administrative...... 13,876 12,950 12,068 Preopening expenses.... 68 82 78 Operating income...
P3-50. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow...
P3-50. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow Aug. 30. 2015 Aug. 31, 2014 $113.666 2.533 116.199 $110.212 2.428 112.540 COSTCO WHOLESALE CORPORATION Consolidated Statements of income Aug. 20 For Fiscal Years Ended (5 millions) 2016 Revenue Net sales. $116.073 Membership fees. Total revenue. 118,719 Operating expenses Merchandise costs... 102 901 Selling, general and administrative...... 12.058 Preopening expenses............ Operating income.. 3.672 Other Income (expense) Interest expense..... . (1339 Interest Income and other...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other income (expense) Interest expense 159 Interest income and other, ne (121) Income before income taxes 4,442 Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income...
COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) September 2, September 3, 2017 2018 $ ASSETS CURRENT ASSETS Cash and cash equivalents .... Short-term investments .... Receivables, net. Merchandise inventories ..... Other current assets ...... Total current assets .... PROPERTY AND EQUIPMENT 6.055 1,204 1,669 11.040 321 20.289 4,546 1,233 1.432 9.834 272 17,317 Land Buildings and improvements. Equipment and futures Construction in progress 6,193 16.107 7.274 1.140 30.714 (11.033) 19,681 5,690 15,127...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Costco Wholesale Corporation Consolidated Statements of Earnings Consolidated Balance Sheets For Fiscal Years Ended (5 millions) September 2, 2018 (5 millions, except par value and share data) September 2, 2018 September 3, 2017 Total revenue $141,576 Current assets Operating expenses Cash and cash equivalents $6,055 $4,546 Merchandise costs 123,152 Short-term investments 1,204 1,233 Selling general and administrative 13,876 Receivables, net...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses Operating Income 4,480 Other income (expense) Interest expense Interest income and other, net (121) Income before income taxes 4,442 Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended (5 millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other Income (expense) Interest expense 159 Interest income and other, net (121) Income before income taxes Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income attributable...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense...
Question 1: Basic Income Statement Information
COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 3,672 (134) 52 Weeks Ended 53 Weeks Ended 52 Weeks Ended September 2, September 3, August 28, 2018 2017 2016 REVENUE Net sales 138,434 $ 126,172 $ 116,073 Membership fees..... 3,142 2,853 2,646 Total revenue ....... 141,576 129,025 118,719 OPERATING EXPENSES Merchandise costs 123,152 111,882 102,901 Selling, general and administrative...... 13,876 12,950 12,068 Preopening expenses.... 68 82 78 Operating income...
P3-50. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow Aug. 30. 2015 Aug. 31, 2014 $113.666 2.533 116.199 $110.212 2.428 112.540 COSTCO WHOLESALE CORPORATION Consolidated Statements of income Aug. 20 For Fiscal Years Ended (5 millions) 2016 Revenue Net sales. $116.073 Membership fees. Total revenue. 118,719 Operating expenses Merchandise costs... 102 901 Selling, general and administrative...... 12.058 Preopening expenses............ Operating income.. 3.672 Other Income (expense) Interest expense..... . (1339 Interest Income and other...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other income (expense) Interest expense 159 Interest income and other, ne (121) Income before income taxes 4,442 Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income...
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