Find online the annual 10-K report for Costco Wholesale Corporation (COST) for fiscal year 2017 (filed in

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Find online the annual 10-K report for Costco Wholesale Corporation (COST) for fiscal year 2017 (filed in October 2017). Answer the following questions from their income statement:

a. What were Costco’s revenues for fiscal year 2017? By what percentage did revenues grow from the prior year?

b. What was Costco’s operating income for the fiscal year?

c. What was Costco’s average tax rate for the year?

d. What were Costco’s diluted earnings per share in fiscal year 2017? What number of shares is this EPS based on?

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Corporate Finance The Core

ISBN: 9781292431611

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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