4. Complete the following additional ratios with comments: A. Account Receivable Turnover =Sales/Average Accounts receivable AAR (1535+16692 (149,351)/(2369.5) 63.031 B. Inventory Turnover = Cost of sales/Average inventory COS (132886_14994+86)=147966 AI=(11395+11040)/2=11217.5 (147966)/(11217.5-13.19 I C. Day's Sales in Inventory 365*(inventory) (COGS) 365*(11395)/(132886)=31.298 D. Total Liabilities to Total Assets Ratios = Total liabilities/Total assets (23237) (23485)=9894 E. Profit Margin Ratio = Net Profit/Sales*100 revenue -costs-(152703-(132886+14994+86)-4737 (47377/(149351)*100 3.1717 E Gross Margin Ratio = gross Profit/Net Sales (4737)/(149351)-3.2% O IT 25 rial 11 + BIU A - 4 5 ?b. Dividend yield = Dividends paid per share / Stock price at year-end (online research necessary) Current Year (8.327(4)=2.08 Last year (7.157(4)=1.788 ?c. Earnings per share (refer to book formula) Current Year _(438.189)(3659)=119.756 Last year _(437.2047(3134)=139.5 d. Price-earnings ratio = Market price per share of stock at year-end / Earnings per share I Current Year (4)(119.756)=.0334 Last year (47(139.5)=0286 e. Return on common stockholders' equity = (Net income - preferred stock dividends) / Average common stockholders' equity Current Last Accounting Company Analysis Project Plant and Equipment Questions Refer to the financial statements, and the notes to the financial statements if necessary. You may need to refer to the notes to the financial statements, and to the financial statements themselves, in order to answer the following questions. The Basics: Property, plant, and equipment CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) September 1. 2019 September 2, 2018 ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments $ 6,055 1,204 8,384 1,060 1,535 11,395 1,111 Receivables, net Merchandise inventories Other current assets 1,669 11,040 321 Total current assets 23,485 20.289 PROPERTY AND EQUIPMENT Land 6,193 16.107 Buildings and improvements Equipment and foxtures Construction in progress 6,417 17.136 7,801 1,272 32.626 (11,736) 20,890 7.274 1.140 Less accumulated depreciation and amortization Net property and equipment OTHER ASSETS 30.714 (11,033) 19,681 860 1,025 TOTAL ASSETS 45,400 $ 40,830 LIABILITIES AND EQUITY $ 11,679 3,176 11,237 2.994 1,057 1,180 CURRENT LIABILITIES Accounts payable Accrued salaries and benefits Accrued member rewards Deferred membership fees Current portion of long-term debt Other current liabetes Total current abilities LONG-TERM DEBT excluding current portion OTHER LIABILITIES 1.711 1,624 1,699 90 2.924 3.792 23.237 5,124 19,926 6,487 1,455 Tot liabilities 1,314 COMMITMENTS AND CONTINGENCIES 29,816 27.727 0 0 4 4 EQUITY Preferred stock $0 01 par value, 100 000 000 shares authorized: no shares issued and outstanding Common stock 50.01 par value: 900.000.000 shares authorized: 439.625,000 and 438,189.000 shares istud and outstanding Additional pain capital Accumulated other comprehensive Hetained earings Total Costco stockholders' equity Noncontro ng interests Tot equity TOTAL LIABILITIES AND EQUITY 6.417 6.107 (1,199) 7.887 12.799 (1.436) 10,258 15,243 341 15,584 45,400 304 13,103 40,830 56F Clear 12:25 AM KE 6/17/2021 21 Reading li CONSOLIDATED STATEMENTS OF CASH FLOWS (amounts in millions) 52 Weeks Ended 52 Weeks Ended September 1, 2019 September 2. 2018 53 Weeks Ended September 3 2017 CASH FLOWS FROM OPERATING ACTIVITIES $ 3.7045 3,179 5 2.714 Not income including noncontrolling interests Adjustments to reconcle net income including noncontrolling interests to net cash provided by operating activities Depreciation and amortization Stock based compensation Oh non-cash operating activities, net Deferred income taxes 1,492 1.437 1370 595 544 514 (6) (143 147 (49) (2013 Changes in operating assets and liabetes Merchandise inventores 1536) (1.3131 (296) 322 1,581 2.95 623 421 007 0,356 5,774 6,726 (1094) (1.060) (12799 1.231 1.078 1,385 12.998) 12.960) 12.502) (+1 + 30 (2.865) 12.547) 12,000 Accounts payable Other operating assets and tables.net Netcash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES Purchases of short-term vostnents Matures and sales of short-term investments Addition to property and equipment Other investing activities, Not cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Change in bank payments outstanding Proceeds from issuance of long term debt Repayments of long term dett Tax wthholdings en stoc based wards Repurchases of common stock Cash dividend payment Other hancing the net Net cach used in finanong at EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS Ne change incoh and cash equivales CASH AND CASH EQUIVALENTS BEGINNING OF YEAR CASH AND CASH EQUIVALENTS END OF YEAR 210 BO 1236 298 3.782 189) 186) 12.2001 (272) (217 (247) (320) 12033 04001 13.004 (1.038) (6891 (9) [41) 15 (1.147) (1.281) 3.2101 (15) (37) 25 2.320 1.500 1.167 4.540 3379 6055 8.3645 055 4546 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the year for $ 141 5 103 131 $ 1,204 1.155 Income 1.18 5 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES Cash dividend dered, but not yet ad 286 COSTCO WHOLESALE CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (amounts in millions, except share, per share, and warehouse count data) 250 12:25 AM 56F Clear de 6/17/2021 21 COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 52 Weeks Ended September 1, 2019 52 Weeks Ended September 2, 2018 53 Weeks Ended September 3, 2017 REVENUE Net sales 149.351 S 126. 172 138 434 5 3.142 3,352 2853 152.703 141,576 129,025 132.886 123,152 111882 14,994 13.876 12.050 88 58 82 4.737 4.480 4,111 Membership fees Total revenue OPERATING EXPENSES Merchandise costs Seling, general and administrative Preopening expenses Operating income OTHER INCOME (EXPENSE) Interest expense Interest income and other net INCOME BEFORE INCOME TAXES Provision for income taxes Net income including noncontroing interests Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO COSTCO NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: (150) (159) (134) 178 121 62 4.765 4.442 4,039 1,061 1.263 1325 3,704 3.179 2,714 (35) (45) 3,659 (45) 3.134 $ $ 2.079 Basic $ 8.32 7.15 $ 6.11 Duned $ 8.26 $ 709 $ 608 Shares used in calculation (000's) Basic 439.755 438,515 438 437 Diluted 442,923 441834 440,937 The accompanying notes are an integral part of these consolidated financial statements 36 Table of Contents COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (amounts in millions) di 52 Weeks Ended 52 Week Ended September 1 53 Weeks Ended September 3 2017 September 2, 2018 2010 12:25 AM 56F Clear 6/17/2021 21 !!! Apps M Gmail O YouTube Maps Reading COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF EQUITY (amounts in millions) Common Stock Shares 1000's) Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Total Costco Stockholders Equity Retained Earnings Amount Noncontrolling Interests Total Equity BALANCE AT AUGUST 28 2016 437,5243 5.490 (1,099 $ 7,686 S 12 079 $ 5 12 332 2.679 2.679 35 2.714 85 85 13 95 Net income Foreign currency translation adjustment and other, net Stock-based compensation Release of vested restricted stock unds RSUS), including tax effects Conversion of core 518 518 51B 2.673 (165) 1965) 1155 . notes 5 (2.990) (41) 1432) 1475) Repurchases of common stock Cash dividends declared and other BALANCE AT SEPTEMBER 2017 2 121 (3.945) Il (3.945) 3.545 437,204 4 5.800 (1.014) 5.988 10,778 301 11,079 Not income II III 3,134 3.134 45 3,170 (185) 103 172 (192) Foreign currency translation adjustment and other ni Stock-based compensation Remove RSUS including tax effects Repurchases of common 547 547 3 547 2.741 1217) (217) 217 Sex (1.756) (20 (2005) (322 3 Cash dividends decret and other BALANCE AT SEPTEMBER 2, 2015 (939) 1035) (36) 1871 431,180 6,107 (1.1991 7.887 12.790 304 13.100 3,659 3650 45 3.704 237) (237) 187 245) Net income Foreign currency tras adjustment and other Stock based on Rate of veiled RSUS ncluding tax effects Raphases of common 395 500 2.530 $272) 2723 (2721 11.001) (10) (231) 24 2471 Cath wenas cocared and other BALANCE AT SEPTEMBER 3.2019 105 11.05 4,025 4. IT 1 14 10.158 15.20 341 8 15,584 sd The accompanying notes are an integral part of these consolidated financial statements 38 56F Clear 12:25 AM V17/2021