please answer all questions
Name of Student Name of Firm_Costco Fiscal Year Aug 30, 2020 to Aug 29, 2021 Link to 10k https://www.sec.gov/ix?doc=/Archives/edgar/data/909832/000090983221000014/cost- 20210829.htm Page 36, Data in Millions 1. Determine the amounts your firm reports for total assets, total liabilities, and total stockholders' equity in the balance sheet for the most recent year. Verify that the basic accounting equation balances. Assets $59,268 Liabilities Stockholders Equity 2. Does your company refer to the income statement using another name? If so, what is it? CONSOLIDATED STATEMENTS OF INCOME 3. Determine the amounts that your firm reports for net sales and net income in its income statement for the most recent year. 4. Who is the company's auditor? What does the report indicate about the amounts reported in the company's financial statements? (See the Report of Independent Registered Public Accounting Firm.) 5. Is the size of your firm increasing? Determine your answer by calculating the percentage change in total assets and percentage change in net sales for the most recent year. (Calculation = (current Yx-previous yx )/previous yr.) 6. Is the profitability of your firm increasing? Determine your answer by calculating the percentage change in net income for the most recent year. (Calculation = (current -previous yx )/previous yr.) 7. For the most recent year, what amount does your company report for current assets? What assets are listed as current assets? What is the ratio of current assets to total assets (current assets/ total assets)? 8. For the most recent year, what amount does your company report for current liabilities? What liabilities are listed as current liabilities? What is the ratio of current liabilities to total liabilities (current liabilities/total liabilities)? 5/30/19 The following table summarizes net sales by merchandise category; sales from e-commerce websites and business centers have been allocated to their respective merchandise categories: Name of Student Name of Firm_Costco Fiscal Year Aug 30, 2020 to Aug 29, 2021 Link to 10k https://www.sec.gov/ix?doc=/Archives/edgar/data/909832/000090983221000014/cost- 20210829.htm Page 36, Data in Millions 1. Determine the amounts your firm reports for total assets, total liabilities, and total stockholders' equity in the balance sheet for the most recent year. Verify that the basic accounting equation balances. Assets $59,268 Liabilities Stockholders Equity 2. Does your company refer to the income statement using another name? If so, what is it? CONSOLIDATED STATEMENTS OF INCOME 3. Determine the amounts that your firm reports for net sales and net income in its income statement for the most recent year. 4. Who is the company's auditor? What does the report indicate about the amounts reported in the company's financial statements? (See the Report of Independent Registered Public Accounting Firm.) 5. Is the size of your firm increasing? Determine your answer by calculating the percentage change in total assets and percentage change in net sales for the most recent year. (Calculation = (current Yx-previous yx )/previous yr.) 6. Is the profitability of your firm increasing? Determine your answer by calculating the percentage change in net income for the most recent year. (Calculation = (current -previous yx )/previous yr.) 7. For the most recent year, what amount does your company report for current assets? What assets are listed as current assets? What is the ratio of current assets to total assets (current assets/ total assets)? 8. For the most recent year, what amount does your company report for current liabilities? What liabilities are listed as current liabilities? What is the ratio of current liabilities to total liabilities (current liabilities/total liabilities)? 5/30/19 The following table summarizes net sales by merchandise category; sales from e-commerce websites and business centers have been allocated to their respective merchandise categories
