COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS AS AT (amounts in millions, except par value and share data) # QUESTIONS (PROVIDE ANSWERS IN THE GRAY CELLS) 30-Aug-20 01-Sep-19 30-Aug-20 01-Sep-19 TOTAL ASSETS 55,556 45,400 16 Quantify the Capital Structure i.e. Total Debt + Equity? What is the % of Total Debt to Total Debt + Equity? LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable Accrued salaries and benefits Accrued member rewards Deferred membership fees Current portion of long-term debt Other current liabilities 17 14,172 3,605 1,393 1,851 95 3,728 24,844 11,679 3,176 1,180 1,711 1,699 3,792 23,237 CALCULATE THE FOLLOWING RATIOS Calculate Inventory Turn Time (# days) Formula is: (Inventory/Merchandise Costs)*365 18 Calculate Accounts Payable days to pay Formula = (Accounts Payable/Merchandise Costs) *365 TOTAL CURRENT LIABILITIES Briefly discuss this Trend 5,124 OTHER LIABILITIES Long-term debt, excluding current portion Long-term operating lease liabilities Other long-term liabilities 7,514 2,558 1,935 36,851 19 1,455 29,816 Referring to the Statements of Cashflows", in 2020 what operating activity was the major contributor to Cash? TOTAL LIABILITIES 20 How can Accounts Payable be a "Source" of Funds? EQUITY Preferred stock $0.01 par value; 100,000,000 shares authorized; no shares issued and outstanding Common stock $0.01 par value; 900,000,000 shares authorized; 441,255,000 and 439,625,000 shares issued and outstanding Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total Costco stockholders' equity 4 6,698 (1,297) 12,879 18,284 4 6,417 (1,436) 10,258 15,243 Noncontrolling interests 421 18,705 341 15,584 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 55,556 45,400 COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS AS AT (amounts in millions, except par value and share data) # QUESTIONS (PROVIDE ANSWERS IN THE GRAY CELLS) 30-Aug-20 01-Sep-19 30-Aug-20 01-Sep-19 TOTAL ASSETS 55,556 45,400 16 Quantify the Capital Structure i.e. Total Debt + Equity? What is the % of Total Debt to Total Debt + Equity? LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable Accrued salaries and benefits Accrued member rewards Deferred membership fees Current portion of long-term debt Other current liabilities 17 14,172 3,605 1,393 1,851 95 3,728 24,844 11,679 3,176 1,180 1,711 1,699 3,792 23,237 CALCULATE THE FOLLOWING RATIOS Calculate Inventory Turn Time (# days) Formula is: (Inventory/Merchandise Costs)*365 18 Calculate Accounts Payable days to pay Formula = (Accounts Payable/Merchandise Costs) *365 TOTAL CURRENT LIABILITIES Briefly discuss this Trend 5,124 OTHER LIABILITIES Long-term debt, excluding current portion Long-term operating lease liabilities Other long-term liabilities 7,514 2,558 1,935 36,851 19 1,455 29,816 Referring to the Statements of Cashflows", in 2020 what operating activity was the major contributor to Cash? TOTAL LIABILITIES 20 How can Accounts Payable be a "Source" of Funds? EQUITY Preferred stock $0.01 par value; 100,000,000 shares authorized; no shares issued and outstanding Common stock $0.01 par value; 900,000,000 shares authorized; 441,255,000 and 439,625,000 shares issued and outstanding Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total Costco stockholders' equity 4 6,698 (1,297) 12,879 18,284 4 6,417 (1,436) 10,258 15,243 Noncontrolling interests 421 18,705 341 15,584 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 55,556 45,400