Question
Complete a corporate financial statement for COSTCO WHOLESALE CORP FINANCIAL STATEMNT ENDING AUG 30,2015 The corporate financial statement analysis project requires you to analyze a
Complete a corporate financial statement for COSTCO WHOLESALE CORP FINANCIAL STATEMNT ENDING AUG 30,2015 The corporate financial statement analysis project requires you to analyze a company of choice (Costcos wholesale corps ) annual report for Aug 2015 The project is due in week/unit 8. Please include a photocopy of the balance sheet, income statement, and other information sources for Costco wholesale, along with this complete worksheet below; so the instructor can grade it.
1.Locate the following areas of COSTCO WHOLESALE CORP annual report and complete this part of the worksheet.
Opinion: __ UNQUALIFIED ___ ("clean," "qualified," "adverse," or "disclaimer") Historical Summary
Number of years included: __________ Balance Sheet: Be very careful to note whether the numbers in the financial statements are given in dollars, thousands of dollars, millions of dollars, etc. If you don't take care about this, you could get this entire section wrong!
Number of times interest charges earned ____ _____________
Number of times preferred dividends earned ______ __________
Ratio of net sales to assets _________________
Rate earned on total assets _________________
Rate earned on stockholders' equity _________________
Rate earned on common stockholders' equity _________________
Earnings per share on common stock ________________
Price-earnings ratio in The Wall Street Journal _________________ (This must be looked up. Use any edition of The Wall Street Journal printed during this class.)
Dividend yield in The Wall Street Journal_________________ (This must be looked up. Use any edition of The Wall Street Journal printed during this class.) Financial Statements:
Number of notes to the financial statements _________________
Were the financial statement pages a different color than the rest of the annual report? (Yes/No) _________________ Income Statement:
Income from continuing operation before income taxes $___________ $___________ (Dollar amount) (Per share amount)
Taxes on continuing operations $___________ ____________ (Dollar amount) (Per share amount)
Extraordinary gain or loss, net of tax (if any) $___________ _____________ (Dollar amount) (Per share amount)
Gain or loss on discontinued operations, net of tax (if any) $___________ _____________ (Dollar amount) (Per share amount)
Cumulative effect of change in accounting, principle, net of tax (if any) $___________ _____________ (Dollar amount) (Per share amount)
Was the earnings per share given as "primary" and "fully diluted"? ___Yes ___No Miscellaneous
Did the notes to the financial statements discuss a contingent liability? ___Yes ___No
file:///C:/Users/MARVA/Downloads/Web%20Ready%20Proxy_Costco%20from%20Donnelly%202015%20-%20Final%20(2).pdf
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