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Answer within 30 minutes please it is urgently needed pleaseeeee Question 1 (15 marks) (000's) 2007 $ 89,725 85,527 34,982 $210,234 42,436 $252,670 Costco Industries'
Answer within 30 minutes please it is urgently needed pleaseeeee
Question 1 (15 marks) (000's) 2007 $ 89,725 85,527 34,982 $210,234 42,436 $252,670 Costco Industries' 2007 and 2008 balance sheets (in thousands of dollars) are shown. (000's) 2008 Cash $102,850 Accounts receivable 103,365 Inventories 38,444 Total current assets $244,659 Net fixed assets 67,165 Total assets $311 824 Accounts payable $ 30,761 Accruals 30,477 Notes payable 16,717 Total current liabilities $ 77,955 Long-term debt 76,264 Total liabilities $154,219 Common stock 100,000 Retained earnings 57,605 Total common equity $157,605 Total liabilities and equity $311,824 $ 23,109 22,656 14,217 $ 59,982 63,914 $123,896 90,000 38,774 $128,774 $252,670 . . . Costs excluding depreciation and amortization were 85% of sales. Depreciation and amortization were $7,388 TIE = 7.1x BEP = 19.52% The corporate tax rate was 40% The firm's Net Income is $31,386 Costco pays 40% of its net income in dividends. . . b. Calculate the firm's Sales for the year 2008. Calculate company's free cash flow (FCF) for the year 2008. Analyze the company's FCF. (This analysis is specific to Costco, and does not require you to define FCF). cStep by Step Solution
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