Please Provide Financial Statement Analysis for Costco Wholesale Corporation. Analysis must contain all ratios listed in the the photos provided.

Short-term solvency ratios 1. Current ratios a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 c. What causes the ratio to increase or decrease? 2. Quick ratios a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 c. What causes the ratio to increase or decrease? 3. Cash ratios a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 C. What causes the ratio to increase or decrease? Long-term solvency ratios 1. Total debt ratios a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 C. What causes the ratio to increase or decrease? 2. Debt-equity ratios a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 c. What causes the ratio to increase or decrease? 3. Equity multiplier a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 c. What causes the ratio to increase or decrease? 4. Times interest earned a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 C. What causes the ratio to increase or decrease? Asset utilization ratios 1. Days' sales in inventory a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 c. What causes the ratio to increase or decrease? 2. Days' sales in receivables a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 C. What causes the ratio to increase or decrease? 3. Days' payable outstanding a. Story behind the ratio in 2018 b. Change in ratios from 2016 to 2017 and from 2017 to 2018 c. What causes the ratio to increase or decrease? Financial ratios Formula 2018 2017 2016 wN- 4 5 1.0182174 0.98982566 0.97707865 0.46416742 0.42772221 0.4012199 0.30387434 0.25984567 0.21695024 10.67908401 0.69518805 0.62813979 2.11608029 2.28071126 1.68918261 3.11608029 3.28071126 2.68918261 28.1761006 30.6791045 27.6090226 37.2138365 40.9029851 37.0451128 14 15 3 Short-term solvency ratios or Liquidity ratios Current ratio =Total Current Assets/Total Current Liabilities Quick ratio =(Total Current Assets - Inventory)/Total Current Liabilities Cash ratio =(Cash and cash equivalents) Total Current Liabilities Long-term solvency ratios or Financial leverage ratios Toal debt ratio =Total liabilities/Total assets Debt-equity ratio =Total liabilities/Total equity Equity multiplier =Total assets/Total equity 111 Times interest earned =Earnings before interest and taxes/Interest expense 12 Cash coverage =(Earnings before interest and taxes+Depreciation and amortization)/Interest expense 13 Asset utilization ratios or Turnover ratios Inventory Turnover =COGS/Inventory Days' sales in inventory or Days' inventory Held =Inventory/(COGS/365) = 365/(COGS/Inventory) Receivables turnover or Accounts receivable turnover =Total revenue/Accounts receivable Days' sales in receivables or Average collection period "Accounts receivable (Total revenue/365) = 365/(Total revenue/Accounts receivable) 18 Payables turnover =COGS/Accounts payable Days' payable outstanding =Accounts payable/(COGS/365) or = 365/(COGS/Accounts payable) 20 Cash conversion cycle =Days' sales in receivables + Days' sales in inventory - Days' payable outstanding Total asset turnover =Total revenue/Total assets 22 Profitability ratios 23 Profit margin =Net earnings (or Net income) Total revenue 24 Return on assets or Return on total assets =Net earnings (or Net income) Total assets Return on equity =Net earnings (or Net income) Total equity 26 Market value ratios 27 Price-earnings ratio =Market price per share of common stock/Earnings per share 28 Market-to-book ratio =Market price per share/Book value per share 16 11.1550725 11.3770592 11.4729624 32.7205405 32.0821044 31.813928 184.8268424 90.101257 94.8234824 4.30288326 4.05099787 3.84925749 110.9595088 11.6446711 13.5182606 33.3044124 31.3448097 27.0005151 3.71901129 4.78829252 8.66267038 3.4674504 3.54981154 3.5798631