I need assistance with question P-54. I need the steps along with the answer. Also, the chart (P4-45) is what you refer to for the answer. Thanks a lot for the assistance. I need help ASAP.

LO7 NOAT NOPM Abbott Laboratories CVS Health Corp. FedEx Corp. 11.73% 4.04% 3.76% 26.76% 3.52% 5.26% 5.02% 0.95 3.50 2.77 0.70 3.18 2.96 5.47 Walgreens Caterpillar Inc. Target Corp. Net operating profit margin (NOFM) and net operating asset turnover (NOAT) for several selecter companies for the most recent year follow. Mondelez International Inc... P4-53. Analysis and Interpretati Companies tories ) FDX) orp. VS) elez Boots Alliance Inc.. Inc. LZ) ots FA) T) Required a. Graph NOPM and NOAT for each of these companies. Do you see a pattern that is similar to that shown in this module? Explain. (The graph in the module is based on medians for selected industries; the graph for this problem uses fewer companies than in the module and, thus, will not be as smooth. b. Consider the trade-off between profit margin and asset turnover. How can we evaluate companies on the profit margin and asset turnover trade-off? Explain. P4-54. Compute and Analyze Measures for DuPont Disaggregation Analysis Refer to the fiscal 2016 financial data of Costco Wholesale Corporation in P4-45 to answer the fol- lowing requirements. (Perform the required computations from the perspective of a Costco shareholder.) Required a. Compute ROE for fiscal 2016. b. Confirm that ROE equals ROE computed using the component measures for profit margin, assets turnover, and financial leverage using: ROE = PM X ATX FL. c. Compute adjusted ROA (assume a statutory tax rate of 37%). P4-55. Compute and Analyze Measures for DuPont Disaggregation Analysis Refer to the fiscal 2015 finan Mandala InternationIT Mong Pants LA AU 2016 30, P- 2013 COSTCO WHOLESALE CORPORATION Coralidade States of Income Copy Coast $ 7,612 2.622 11211453 ABC 2.520 BUD 1283 2.46 B23 Midup AF S millicans, except par VHU HW nadons Balance Batemwe Ile Corporation follow LO4, 0,6,7 - Analysis and report of Praw Achsscasis ... 100,000,000 shares authorized: no shed and outsanding.. 437 524.000 and 437.952.000 sharessed and ontstanding. Aug. 30, 2015 Liabilities and equity Current liabilities Accounts payable...... $113,666 Current portion long-term cebt. 2,533 Accrued salaries and benefits 116,190 Accrued member rewards Deferred mentorship fees..... 101,065 Other current liabilities 11,445 Total current liabilities......... 65 Long-term deut, excluding current portion Other liabilities ........ 3,624 Total liabilities Equity (124) 104 Preferred stock. $0.005 par value: 3,604 Common stock, S0.005 par value 1,195 900,000,000 shares authorized 2,409 Additional paid-in-capital......... (32) Accumulated other comprehensive logs $ 2,377 Retained earnings............... Total Cosico stockholders' equity Noncontrolling interests Total equity ..... Total liabilities and equity 1.200 2.003 15.575 3 18.530 4.652 20,831 3 22.174 Aug 28 2016 For Fiscal Year Ended miliona Rewrive STT6.079 Notes 2.646 118,719 Pembohibet........ 7o... Car 3g 2 102,401 12.068 Selling games and administratie 78 being expenses.............. 3,672 Operating income Other incomexpertise (133) Antx156.. 80 interest icons and other cal... 3.619 Incore before me................................. 1,243 Fosforitoare las 2,376 Not incarne incindhocoholing herests........ Mer come at bulabis to encontrolling hetests....... (26) Net income attributable to Costco..... $ 2,350 1. 200 WS $ 205 2 5.490 7.686 12.079 2 5,218 11,121) 8.518 10.617 220 10.143 $33,017 253 12.332 $33,103 Aug. 28, COSTCO WHOLESALE CORPORATION Consolidated Balance Sheets 2016 Aug. 30 2015 $ 3.379 1,350 1,252 8,969 268 15.218 $ 4,801 1,618 1.224 8.606 223 16,779 $maillions, except par value and share data Assets Cuent sears Cash and cash gu valsts Short-temy investments Recavables, net......... Merchandise interes..... Other current assets Total current assets..... Property and equipment Land' Buildings and improvements Equipment and futures..... Construction progress... Gross property and equipment. Less accumulated depreciation and amortization Net property and equipment. 5,395 13,994 6,077 701 26.167 (9,124) 17,043 902 $33,163 4.961 12,810 5,274 811 23,664 (8,283 15,401 B37 $33,017 Required a compute net operating profit after tax (NOPAT) for 2016. Assume that the combined federal and stale statutory tax rate is 37%, 5. Compute net operating assets INOA) for 2016 and 2015. C Compute and disaggregate Costco's RNA into net operating profit margra (NOPM) ud moet opet- ating asset turnover (NOAT) for 2016, coni hal RNOA = NOPMX NOKI. d. Compute net nonoperating obligations (NNO) in 2016 and 2015. Contiom the relation: NOA = NNO + Total equity e. Compule return on equity (ROE) for 2016, 1. Infer the nonoperating returi component of ROE for 2016. Comment on the difference between ROE and RNOA. What does this relation suggest abonat Case co's use of equity capital? P4-46. Analysis and Interpretation of Liquidity and Solvency Refer to the financial information of Costco Wholesale Corporation in P4-45 to answer the follow requirements. Required a. Compute Costco's current ratio and quick ratio for 2016 and 2015. Comment on any oh trends. 1. Compute Costco's times interest earned and its Habilities-to-cquity ratios for 2016 and 201 ment on any noticeable change. c. Summarize your findings about the company's liquidity and solvency. Do you have any about Costco's ability to meet its debt obligations! Other assets.... Total assets..... contra n TX Comutation Novoting oturn LO7 NOAT NOPM Abbott Laboratories CVS Health Corp. FedEx Corp. 11.73% 4.04% 3.76% 26.76% 3.52% 5.26% 5.02% 0.95 3.50 2.77 0.70 3.18 2.96 5.47 Walgreens Caterpillar Inc. Target Corp. Net operating profit margin (NOFM) and net operating asset turnover (NOAT) for several selecter companies for the most recent year follow. Mondelez International Inc... P4-53. Analysis and Interpretati Companies tories ) FDX) orp. VS) elez Boots Alliance Inc.. Inc. LZ) ots FA) T) Required a. Graph NOPM and NOAT for each of these companies. Do you see a pattern that is similar to that shown in this module? Explain. (The graph in the module is based on medians for selected industries; the graph for this problem uses fewer companies than in the module and, thus, will not be as smooth. b. Consider the trade-off between profit margin and asset turnover. How can we evaluate companies on the profit margin and asset turnover trade-off? Explain. P4-54. Compute and Analyze Measures for DuPont Disaggregation Analysis Refer to the fiscal 2016 financial data of Costco Wholesale Corporation in P4-45 to answer the fol- lowing requirements. (Perform the required computations from the perspective of a Costco shareholder.) Required a. Compute ROE for fiscal 2016. b. Confirm that ROE equals ROE computed using the component measures for profit margin, assets turnover, and financial leverage using: ROE = PM X ATX FL. c. Compute adjusted ROA (assume a statutory tax rate of 37%). P4-55. Compute and Analyze Measures for DuPont Disaggregation Analysis Refer to the fiscal 2015 finan Mandala InternationIT Mong Pants LA AU 2016 30, P- 2013 COSTCO WHOLESALE CORPORATION Coralidade States of Income Copy Coast $ 7,612 2.622 11211453 ABC 2.520 BUD 1283 2.46 B23 Midup AF S millicans, except par VHU HW nadons Balance Batemwe Ile Corporation follow LO4, 0,6,7 - Analysis and report of Praw Achsscasis ... 100,000,000 shares authorized: no shed and outsanding.. 437 524.000 and 437.952.000 sharessed and ontstanding. Aug. 30, 2015 Liabilities and equity Current liabilities Accounts payable...... $113,666 Current portion long-term cebt. 2,533 Accrued salaries and benefits 116,190 Accrued member rewards Deferred mentorship fees..... 101,065 Other current liabilities 11,445 Total current liabilities......... 65 Long-term deut, excluding current portion Other liabilities ........ 3,624 Total liabilities Equity (124) 104 Preferred stock. $0.005 par value: 3,604 Common stock, S0.005 par value 1,195 900,000,000 shares authorized 2,409 Additional paid-in-capital......... (32) Accumulated other comprehensive logs $ 2,377 Retained earnings............... Total Cosico stockholders' equity Noncontrolling interests Total equity ..... Total liabilities and equity 1.200 2.003 15.575 3 18.530 4.652 20,831 3 22.174 Aug 28 2016 For Fiscal Year Ended miliona Rewrive STT6.079 Notes 2.646 118,719 Pembohibet........ 7o... Car 3g 2 102,401 12.068 Selling games and administratie 78 being expenses.............. 3,672 Operating income Other incomexpertise (133) Antx156.. 80 interest icons and other cal... 3.619 Incore before me................................. 1,243 Fosforitoare las 2,376 Not incarne incindhocoholing herests........ Mer come at bulabis to encontrolling hetests....... (26) Net income attributable to Costco..... $ 2,350 1. 200 WS $ 205 2 5.490 7.686 12.079 2 5,218 11,121) 8.518 10.617 220 10.143 $33,017 253 12.332 $33,103 Aug. 28, COSTCO WHOLESALE CORPORATION Consolidated Balance Sheets 2016 Aug. 30 2015 $ 3.379 1,350 1,252 8,969 268 15.218 $ 4,801 1,618 1.224 8.606 223 16,779 $maillions, except par value and share data Assets Cuent sears Cash and cash gu valsts Short-temy investments Recavables, net......... Merchandise interes..... Other current assets Total current assets..... Property and equipment Land' Buildings and improvements Equipment and futures..... Construction progress... Gross property and equipment. Less accumulated depreciation and amortization Net property and equipment. 5,395 13,994 6,077 701 26.167 (9,124) 17,043 902 $33,163 4.961 12,810 5,274 811 23,664 (8,283 15,401 B37 $33,017 Required a compute net operating profit after tax (NOPAT) for 2016. Assume that the combined federal and stale statutory tax rate is 37%, 5. Compute net operating assets INOA) for 2016 and 2015. C Compute and disaggregate Costco's RNA into net operating profit margra (NOPM) ud moet opet- ating asset turnover (NOAT) for 2016, coni hal RNOA = NOPMX NOKI. d. Compute net nonoperating obligations (NNO) in 2016 and 2015. Contiom the relation: NOA = NNO + Total equity e. Compule return on equity (ROE) for 2016, 1. Infer the nonoperating returi component of ROE for 2016. Comment on the difference between ROE and RNOA. What does this relation suggest abonat Case co's use of equity capital? P4-46. Analysis and Interpretation of Liquidity and Solvency Refer to the financial information of Costco Wholesale Corporation in P4-45 to answer the follow requirements. Required a. Compute Costco's current ratio and quick ratio for 2016 and 2015. Comment on any oh trends. 1. Compute Costco's times interest earned and its Habilities-to-cquity ratios for 2016 and 201 ment on any noticeable change. c. Summarize your findings about the company's liquidity and solvency. Do you have any about Costco's ability to meet its debt obligations! Other assets.... Total assets..... contra n TX Comutation Novoting oturn