COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 53weeks t 138,434 126,172 s 118,073 126.172 3.142 41,576 123,162 Total revenue Operating income OTHER INCOME (EXPENSE) (159) (133) Interest income and other, net 62 INCOME BEFORE INCOME TAXES. Provision for income taxes 1,283 with th Net income including noncontrolling interests 2.714 2.350 NET INCOME ATTRIBUTABLE TO COSTCO NET INGOME PER COMMON SHARE 2.579 ATTRIBUTABLE TO COSTCO: Basic 6.08 $ Shares used in calculation (000's) Basic 438,515 441,834 438.585 441263 440,937 CASH DIMDENDS DECLARED PER COMMON 'IN INTERESTS CLUDNG NONCONTROLLING s 3,179 2.714$ 2,376 (192) 2,987 98 2,812 26 2,402 Less: Comprehensive income attributable to noncontrolling intereses COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO 2.949 2.764 (20 pts) Using the Financial Statements from Costco's 2018 Annual Report compu following ratios for 2018. You will find most of the ratio formulas in Chapter 14. You must show your work for these computations! Also, for any computations requiring Net Income, use Net Income Atributable to Costco. (35 pts) 2 e Quick Ratio d. Accounts Receivable Turnover e. Numper ot Days Sales in Receivables f. Inventory Turnover g. Number of Days' Sales in Inventory h. Ratio of Fixed Assets to Long-Term Liabilities Ratio of Liabilities to Stockholders Equity Times Interest Eamed k. Profit Margin 1. Asset Turnover m. Return on Total Assets n. Return on Stockholders Equity o. Earnings per Share (EPS) on Common Stock p. Free Cash Flow (see Chapter 13) q Ratio of Free Cash Flow to Sales (see Chapter 13) r. Price-Earnings (P E) Ratio (For Market Price, use an average of high and low for last quarter of 2018 (you can find this in the annual report in the Management Discussion and Analysis Section) . Dividends per Share Dividend Yield COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data September 2, 2018 September 3, 2017 ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Other current assets $ 6,055 $ 4,546 1,233 1,432 9,834 272 17,317 1,204 1,669 11,040 321 Total current assets PROPERTY AND EQUIPMENT Land Buldings and improvements Equipment and fixtures Construction in progress 6,193 16,107 7.274 5,690 15,127 6,881 843 28,341 30,714 19,681 860 18.161 869 830 $ 36,347 Net property and equipment OTHER ASSETS TOTAL ASSETS LIABILITIES AND EQUITY hth CURRENT LIABILITMES Accounts payable Accrued salaries and benefts Accrued member rewards Deferred membership fees Other current liabilities $ 11,237 $ 9,608 2,703 961 ,498 2,725 17,495 6,573 1,200 25,268 2,994 1,057 1,624 3,014 19,826 6,487 Total current liabilities LONG-TERM DEBT, excluding current portion OTHER LIABILITIES Total iabilities COMMITMENTS AND CONTINGENCIES 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 438,189,000 and 437 204,000 shares issued and outstanding Additional paid-in capital Accumulated other comprehensive loss Retained earnings 6,107 (1.199) 7,887 12,799 304 5,800 (1,014) 10,778 11,079 Total Costco stockholders' equity interests Total equity TOTAL LIABILITIES AND EQUITY The accompanying notes are an integral part of these consolidated financial statements 36
