Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is was Costco's cash burn in 2019? What was Costco's cash build in 2019? What is the weekly net cash burn for Costco in

image text in transcribed

What is was Costco's cash burn in 2019? What was Costco's cash build in 2019? What is the weekly net cash burn for Costco in 2019?

Thank You for your help! Will provide a thumbs up for your help.

Liabilities: Payables and Accrued Expenses, Current Current Portion of Long Term Debt Deferred Liabilities, Current Other Current Liabilities Total Current Liabilities \begin{tabular}{|r|r|} \hline$15,288,000 & $16,035,000 \\ \hline$0 & $1,699,000 \\ \hline$1,624,000 & $1,711,000 \\ \hline$3,014,000 & $3,792,000 \\ \hline$19,926,000 & $23,237,000 \\ \hline \end{tabular} Long Term Debt and Capital Lease Obligation Other Non-Current Liabilities Total Non-Current Liabilities Total Liabilities \begin{tabular}{|r|r|} \hline$6,487,000 & $5,124,000 \\ \hline$1,314,000 & $1,455,000 \\ \hline$7,801,000 & $6,579,000 \\ \hline$27,727,000 & $29,816,000 \\ \hline \end{tabular} Shareholder Equity: \begin{tabular}{|lrr|} \hline Paid in Capital & $6,111,000 & $6,421,000 \\ Retained Earnings & $7,887,000 & $10,258,000 \\ \hline Reserves/Accumulated Comprehensive Income/Losses & $1,199,000 & $1,436,000 \\ \hline Non-Controlling/Minority Interests & $304,000 & $341,000 \\ \hline Total Equity & $13,103,000 & $15,584,000 \\ \hline \end{tabular} \begin{tabular}{|crrr|} \hline Costco: Income Statement & \multicolumn{1}{c}{2018} & \multicolumn{1}{c}{2019} \\ \hline Total Revenue & $141,576,000 & $152,703,000 \\ \hline Cost of Goods and Services & $123,152,000 & $132,886,000 \\ \cline { 2 - 4 } Gross Income & $18,424,000 & $19,817,000 \\ Selling, General and Administrative Expenses & $13,876,000 & $14,994,000 \\ Other Operating Expense & $68,000 & $86,000 \\ \hline Earnings Before Interest and Tax & $4,480,000 & $4,737,000 \\ Interest Expense & $159,000 & $150,000 \\ Interest Income & $75,000 & $126,000 \\ \hline Net Investment Income & $23,000 & $27,000 \\ \hline Other Income/Expense, Non-Operating & $23,000 & $25,000 \\ \hline Earnings Before Tax & $4,442,000 & $4,765,000 \\ \hline Provision for Income Tax & $1,263,000 & $1,061,000 \\ \hline Net Income from Continuing Operations & $3,179,000 & $3,704,000 \\ \hline \end{tabular}

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

Acca Financial Reporting Practice And Revision Kit

Authors: BPP Learning Media

1st Edition

1509738053, 978-1509738052

More Books

Students also viewed these Accounting questions

Question

Identify the different methods employed in the selection process.

Answered: 1 week ago

Question

Demonstrate the difference between ability and personality tests.

Answered: 1 week ago