CORPORATE FINANCIAL STATEMENT ANALYSIS WORKSHEET

For COSTCO WHOLESALE CORP FINANCIAL STATEMNT ENDING AUG 30,2015

The corporate financial statement analysis project requires you to analyze Costcos wholesale corp annual report.

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. See http://www.nasdaq.com/symbol/cost/financials?query=balance-sheet

PLEASE COMPLETE ATTACHED WORKSHEET BELOW

General Information:

1. Name of corporation: _________________________________________ 2. Line of business: _________________________________________ 3. Location of headquarters: _________________________________________ (City, State or Province, and Country) 4. Number of employees: _________________________________________ (This cannot be found in the financial statements but can sometimes be found elsewhere in the annual report.) 5. The annual report is for the fiscal year ended: ___________ Stockholders' Data: 6. Par or stated value of common stock, if any, per share: $__________ 7. Number of shares outstanding: ___________ (This may not be found in the financial statements but can sometimes be found elsewhere in the annual report) 8. Number of different people owning shares: ___________ 9. Closing price per share of common stock inThe Wall Street Journal: _________ 10. Does the corporation have preferred stock (yes/no)? ___________ 11. Trading symbol/abbreviation used in The Wall Street Journal: ___________ Auditors' Report: 12. Name of audit firm: _______________________________________________ 13. Opinion: _______________________________________________ ("clean," "qualified," "adverse," or "disclaimer") Historical Summary: 14. 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! 15. Total assets $________________ 16. Cash $________________ 17. Accounts receivable $________________ 18. Quick assets $________________ 19. Total current assets $________________ 20. Total current liabilities $________________ 21. Total long-term liabilities $________________ 22. Amount of deferred taxes, if any $________________ Financial Ratios: Use the formulas from the textbook. 23. Working capital $________________ 24. Current ratio _________________ 25. Acid-test ratio _________________ 26. Accounts receivable turnover _________________ 27. Number of day's sales in receivable _________________ 28. Inventory turnover _________________ 29. Number of day's sales in inventory _________________ 30. Ratio of plant assets to long-term liabilities _________________ 31. Ratio of liabilities to stockholders' equity _________________ 32. Number of times interest charges earned _________________ 33. Number of times preferred dividends earned _________________ 34. Ratio of net sales to assets _________________ 35. Rate earned on total assets _________________ 36. Rate earned on stockholders' equity _________________ 37. Rate earned on common stockholders' equity _________________ 38. Earnings per share on common stock ________________ 39. 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.) 40. 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: 41. Number of notes to the financial statements _________________ 42. Were the financial statement pages a different color than the rest of the annual report? (Yes/No) _________________ Income Statement: 43. Income from continuing operation before income taxes $___________ $___________ (Dollar amount) (Per share amount) 44. Taxes on continuing operations $___________ ____________ (Dollar amount) (Per share amount) 45. Extraordinary gain or loss, net of tax (if any) $___________ _____________ (Dollar amount) (Per share amount) 46. Gain or loss on discontinued operations, net of tax (if any) $___________ _____________ (Dollar amount) (Per share amount) 47. Cumulative effect of change in accounting, principle, net of tax (if any) $___________ _____________ (Dollar amount) (Per share amount) 48. Was the earnings per share given as "primary" and "fully diluted"? ___Yes ___No Miscellaneous 49. Name of the president or CEO: ___________________________________ 50. Did the notes to the financial statements discuss a contingent liability? ___Yes ___No