Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with this common sized income statement. do i divide them by the net sales or total revenue? Fiscal Years Ending Selected Income

please help me with this common sized income statement. do i divide them by the net sales or total revenue?
Fiscal Years Ending
Selected Income Statement Data Sept. 1 2019 Sept. 2, 2018 Sept. 3, 2017 Aug. 28, 2016 Common-sized statements
Net sales 149, 351 138,434 126,172 116,073 income statement, divide all the values listed in the income statement in each year by the revenues (or sales, net revenue, etc.) of the respective year.
Membership Fees 3352 3142 2853 2646
Total revenue 152703 141576 129025 118719
Operating Expenses
Merchandise costs 132886 123152 111882 102901
selling, general and administrative 14994 13876 12950 12068
preopening expenses 86 68 82 78
provision for impaired assets and store closing costs
total operating expenses 147966 137096 124914 115047
operating income 4737 4480 4111 3672
other income (expense)
interest expense -150 -159 -134 -133
interest income and other, net 178 121 62 80
income before income taxes 4765 4442 4039 3619
provision for income taxes 1061 1263 1325 1243
net income attributable to Costco 3659 3134 2679 2350
diluted net income per share 8.26 7.09 6.08 5.33
dividends per share (not including special dividend of $7.00 in 2017 and $5.00 in 2015) 2.44 2.14 1.9 1.7
Millions of shares used in per share calculations 442.9 441.8 440.9 441.3

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

Step: 3

blur-text-image

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

Corporate And Project Finance Modeling Theory And Practice

Authors: Edward Bodmer

1st Edition

1118854365, 9781118854365

More Books

Students also viewed these Finance questions

Question

What are the purposes of strategic planning?

Answered: 1 week ago

Question

6. What qualifications are needed to perform the job?

Answered: 1 week ago