Question
Use Costco Wholesale 2019 10-K report which is below, to answer the following questions. https://www.sec.gov/Archives/edgar/data/909832/000090983218000013/cost10k9218.htm 1. For the most recent year, what amount does Costco
Use Costco Wholesale 2019 10-K report which is below, to answer the following questions.
https://www.sec.gov/Archives/edgar/data/909832/000090983218000013/cost10k9218.htm
1. For the most recent year, what amount does Costco report for current assets? What is the ratio of current assets to total assets?
2. For the most recent year, what amount does Costco report for current liabilities? What is the ratio of current liabilities to total liabilities?
3. For the most recent year, what is the change in retained earnings reported in the balance sheet?
4. For the most recent year, what is the amount of net income reported in the income statement?
5. Using your answers in 3 and 4 above, calculate the amount of dividends paid during the year. Verify your answer by looking at the retained earnings column in the statement of stockholders' equity.
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