Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Peace Love Auditing Journal

Authors: Epic Love Books

1st Edition

1697161693, 978-1697161694

More Books

Students also viewed these Accounting questions