Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find online the annual 10-K report for Costco Wholesale Corporation (COST) for fiscal year 2014 (filed in October 2014). Answer the following questions from its

image text in transcribed

Find online the annual 10-K report for Costco Wholesale Corporation (COST) for fiscal year 2014 (filed in October 2014). Answer the following questions from its income statement. a. What were Costco's revenues for fiscal year 2014? By what percentage did revenues grow from the prior year? b. What was Costco's operating income for the fiscal year? c. What was Costco's average tax rate for the year? d. What were Costco's diluted earnings per share in fiscal year 2014? What number of shares is this EPS based on? a. What were Costco's revenues for 2014 ? Costco's revenues for 2014 were $ million. (Round to the nearest whole number.) By what percentage did revenues grow from 2013 ? The percentage of revenue growth from 2013 was %. (Round to two decimal places.) b. What was Costco's operating income for the fiscal year? Costco's operating income for 2014 was $ million. (Round to the nearest whole number.) c. What was Costco's average tax rate for the year? Costco's average tax rate for 2014 was % (Round to one decimal place.)

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_2

Step: 3

blur-text-image_3

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

Governance Of Financial Management

Authors: John Carver, Miriam Carver

1st Edition

0470392541, 9780470392546

More Books

Students also viewed these Finance questions