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. Hello, please help me calculate Costco's Fixed Asset Turnover for 1997-2001. Thank you very much! Fixed Asset Turnover. If this isn't possible, then just
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Hello, please help me calculate Costco's "Fixed Asset Turnover" for 1997-2001. Thank you very much!
Fixed Asset Turnover. If this isn't possible, then just Asset Turnover. Thanks!
1997 331 308 265 17 (8) 274 365 3,537 7,845 1997 21,484 390 21,874 Exhibit 5 Financial Statements for Costco Wholesale Corp. (1997 - 2001) Warehouses in Operation 2001 2000 1999 1998 Beginning of year (including Mexico) 292 274 Openings 41 27 23 19 Closings (1) End of year 331 308 292 Members at Year End (thousands) Business (primary cardholders) 4,358 4,170 3,887 3,676 Gold Star 12,737 10,521 9.555 8,654 Income Statement (millions) 2001 2000 1999 1998 Revenue Net sales 34,137 31,621 26,976 23,830 Membership fees and other 660 543 480 440 Total revenues 34,797 32,164 27.456 24,270 Operating expenses Merchandise costs 30,598 28,322 24,170 21,380 SG&A 3.129 2,756 2.338 2,070 Preopening expenses 60 42 31 27 Provision for impaired assets / closings 18 7 57 6 Total operating expenses 33,805 31,127 26,596 23,483 Operating income 992 1.037 860 787 Other income (expenses) Interest expense (32) (39) (45) (48) Interest income and other 43 54 44 27 Provision for merger and restructuring 0 0 Income continuing ops before taxes 1.003 1.052 859 766 Provision for income taxes 401 421 344 306 Income before cumulative effect of accting 602 631 SIS 460 Cumulative effect of accting, net of tax 0 0 (118) 0 Income from continuing operations 602 631 397 460 Discontinued operations Income (loss), net of tax 0 0 0 Loss on disposal 0 0 0 Net Income (loss) 397 460 19,314 1,877 27 75 21,293 581 (76) 15 0 0 0 520 208 312 0 312 0 0 0 0 602 631 312 Net income per common share: Basic, before accounting change Cumulative effect of accounting changes Basic Diluted 1.34 0.00 1.34 1.29 1.41 0.00 1.41 1.35 1.17 (0.27) 0.90 1.07 0.00 1.07 1.01 0.76 0.00 0.76 0.73 0.86 Number of common shares for calculation Basic Diluted 449,631 475,827 446.255 475,737 439.253 471,120 431,012 463,371 414,758 449,336 Exhibit 5 (Continued) 2001 2000 1999 1998 1997 175,508 602,585 4,999 324,768 2,738,504 211,601 3,882,457 524,505 48,026 174,375 2,490,088 233,124 3,470,118 440,586 256,688 168,648 2,210,475 239,516 3,315,913 361,974 75,549 171,613 1,910,751 108,343 2,628,230 147,133 1,686,525 100,784 2,109.950 Balance Sheet (thousands) Current assets Cash and equivalents Short-term investments Receivables, net Merchandise inventories, net Other current assets Total current assets Property and equipment Land and rights Building, leaseholds and land improvements Equipment and fixtures Construction in process Subtotal Less accumulated depreciation Net property plant and equipment Other assets Total assets 1,119,663 1,094,607 1,877,158 1,621,798 1,264,125 3,834,714 3,007,752 2,444,640 1,529,307 1,311,110 1,138,568 133.995 200,729 176,824 7,375,174 6,141,389 5,024,157 (1,548,589) (1,307,273) (1,117,269) 5,826,585 4,834,116 3,906,888 380,744 329,706 282,200 10,089,786 8,633,940 7,505,001 2,170,896 948,515 91,901 4,330,975 (935,603) 3,395,372 236,218 6,259,820 1,933,740 840,578 81,417 3,950,342 (795,708) 3,154,634 211,730 5,476,314 25,460 1,394,309 302,681 90,774 0 Current liabilities Short-term borrowing Accounts payable Accrued salaries and benefits Accrued sales and other tax Deferred membership income Other current liabilities Total current liabilities Long-term debt Deferred income taxes and other liabilities Total liabilities Minority interest Stockholder's Equity Preferred Common Additional paid in Other accumulated Retained earnings Total stockholder's equity Total liabilities and shareholder's equity 194,552 2,727.639 483,473 152,864 322,583 231,078 4,112,189 859,393 119.434 5,091,016 115,830 9,500 2,197,139 422,264 159,717 262,249 353,490 3,404,359 790,053 90,391 4,284,803 108,857 0 1,912,632 414,276 122,932 225,903 190,490 2,866,233 918,888 66,990 3,852,111 120,780 0 1,605,533 352,903 102,367 0 136,139 2,196,942 930.035 61,483 3,188,460 105,474 150,823 1,964,047 917,001 38,967 2,920,015 88,183 0 2.259 1,125,543 (173610) 3,928,748 4,882,940 10,089,786 0 2,236 1,028,414 (117,029) 3,326,659 4,240,280 8,633,940 0 2,214 952,758 (118,084) 2,695,222 3,532,110 7,505,001 0 2,176 817,628 (151,842) 2,297.924 2,965,886 6,259,820 0 2,136 706,324 (78,426) 1,838,082 2,468,116 5,476,314Step by Step Solution
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